The Kia XCeed is the UK’s fastest-selling used automotive, taking up common simply 14 days to go away retailers’ forecourts.
Barely behind the crossover SUV from the Korean producer in joint second place, was the all-electric Tesla Mannequin 3 and the Marcedes-Benz EQC, which each took a equally spectacular 14.5 days to promote.
Different entries within the record included the Hyundai IONIQ which took 15 days to promote and the discontinued Ford Fiesta which modified palms in 16 days.
Demand for SUVs reveals no indicators of slowing down with the physique sort making up six of the ten present quickest promoting used vehicles. These embrace the petrol hybrid Ford Puma, Skoda Karoq and Volvo XC60.
While some automobiles have solely taken two weeks to be snapped up, the highest ten slowest promoting used vehicles have all taken on common over two months to go away retailer’s forecourts. The Vauxhall Crossland is presently the slowest promoting used automotive within the UK taking up common 75 days to promote, with the Land Rover Vary Rover shifting in 72.5 days and the Mazda CX 30 in 70 days.
By way of the quickest promoting areas, Scotland topped the rankings taking up common 24 days for sellers to promote their automobile inventory to customers. This was adopted by the North East, West Midlands and Yorkshire & the Humber which have been tied in second and took on common 25 days. The slowest promoting location was London with retailers taking up common 31 days to shift used vehicles off their forecourts.
For the final six months, electrical automobiles have been the quickest promoting gas sort, however this month, used petrol vehicles have accelerated previous their battery powered counterparts, taking simply 26 days to promote, in comparison with 28 for each EVs and diesel vehicles. Nonetheless, while a petroleum automotive took the highest spot, low emission automobiles made up the bulk (60%) of the present prime 10.
Richard Walker, information & perception director at Auto Dealer mentioned: “Demand amongst customers continues to stay sturdy firstly of 2024 with used vehicles flying off forecourts simply as rapidly as final yr. With most of the quickest promoting used vehicles lower than 12 months outdated, we’re seeing loads of urge for food for the used variations of the most recent fashions. Though provide on this age cohort is up round 30% year-on-year, it stays under the very sturdy ranges of demand, and in consequence, affords an actual revenue alternative. It highlights simply how necessary it’s to maintain a detailed eye on the most recent information to stay forward of the curve.”
Quickest promoting used vehicles as of February 2024 (between fifteenth January – eleventh February)
Slowest promoting used vehicles as of February 2024 (between fifteenth January – eleventh February)
