Demand for used hybrid fashions is up 55% year-on-year with the petrol-hybrid Peugeot 3008 the UK’s fastest-selling used automotive, taking a mean of simply 12 days to depart retailers’ forecourts.
In line with Auto Dealer analysis, such is the demand for the French SUV, the mannequin is leaving forecourts two weeks sooner than the present nationwide common.
Thus far this month, it’s taking a mean of 26 days for used vehicles to promote throughout the UK, which is someday sooner than the identical interval final 12 months, and simply someday slower than March 2024, which at a mean of 25 days, was the quickest tempo ever recorded by Auto Dealer.
It highlights the continued client demand for used vehicles, which was additionally mirrored within the file 89.1 million cross platform visits to Auto Dealer in March.
The Peugeot is joined by an extra 5 on this month’s listing of quickest sellers, while throughout the retail market as entire, hybrid autos are actually the quickest promoting of any gas sort, presently taking simply 24 days to promote.
Used petrol vehicles are taking a mean of 25 days to promote, adopted by diesel at 28, and electrical vehicles are presently taking round 29 days. Electrical autos (EV) aged 3-5 are presently taking a mean of simply 24 days to promote, placing them on par with hybrids.
Extra broadly, demand for used electrical vehicles on Auto Dealer continues to far outpace that of their inner combustion engine counterparts, with present ranges up 59% YoY in comparison with a extra conservative development of seven.7% for petrol and a decline of -6.9% for diesel. Demand for EVs aged 3-5 years previous is up a large 133% YoY.
Trying on the knowledge by age, these aged between 10-15 years previous are presently taking the longest to promote, which at 32 days is greater than per week slower than the quickest cohort: 3–5-year-old vehicles are leaving forecourts in simply 24 days. Regardless of a optimistic improve in total demand on Auto Dealer, up 2.8% YoY, this extra mature age group is recording a big improve in provide development (11.2% YoY), second solely to these practically new autos (46.8% YoY).
In line with the information, quantity vehicles are presently taking the least period of time to promote, leaving forecourts on common in 25 days, in comparison with the 28 days for premium manufacturers.
Commenting, Richard Walker, Auto Dealer’s knowledge & insights director, stated: “The velocity during which used vehicles are promoting is an effective barometer of the underlying well being of the used automotive market, and for the reason that begin of the 12 months, we’ve seen them depart retailers’ forecourts at a file tempo.
“We’ve additionally seen a big uptick within the variety of visits to our market over the quarter, reaching an all-time file of 89.1 million in March. Mixed, these metrics serve to spotlight the continued energy of the used automotive market and the very strong ranges of demand from shoppers.
“While our outlook for the remainder of the 12 months is assured, retailers do face an extremely nuanced and complicated market; as ever, the satan is within the element, and I’d urge retailers to analyse the information on a granular degree to navigate the market and establish the inventory that gives essentially the most worthwhile alternatives for his or her forecourt.”
