Retail and production

Car

New car registrations

120,331
(Apr' 25 -10.4% YoY)
Downward
700,833
('25 YTD, 3.1% YTD)
Upward
i
The number of new cars registered in the UK every month.
SMMT
Updated: 12/05/2025

New car forecast (2025)

2.28m
(upside)
Upward
2.00m
(baseline)
1.71m
(downside)
Downward
i
The Cox Automotive new car registration forecast - 2025 full year.
Cox Automotive
Updated: 10/02/2025

Used car transactions

2,020,990
(Q1 '25, +2.7% YOY)
Upward
2,020,990
('25 YTD, +2.7% YOY)
Upward
i
The number of used cars sold in the UK every quarter.
SMMT
Updated: 12/05/2025

Used car forecast (2025)

7.90m
(upside)
Upward
7.64m
(baseline)
7.24m
(downside)
Downward
i
Cox Automotive used car transactions forecast - 2025 full year.
Cox Automotive
Updated: 10/02/2025

UK new car production

70,318
(Mar '25, +18.2% YOY)
Upward
222,371
('25 YTD, -3.2% YOY)
Downward
i
The number of new cars manufactured in the UK each month.
SMMT
Updated: 12/05/2025

Retail margin

£2,270
(Apr '25, +£177 MOM)
Upward
i
The average margin between cars bought on Dealer Auction and retailed on Auto Trader.
Dealer Auction
Updated: 12/05/2025

Retail demand

-2.0%
(Apr '25, YOY)
Downward
i
Demand is a measure of consumer response on Auto Trader used car adverts.
Auto Trader
Updated: 12/05/2025

Used car supply

9.0%
(Apr '25, YOY)
Upward
i
Supply is the level of used car stock in the market.
Auto Trader
Updated: 12/05/2025

Market health

-10.0%
(Apr '25, YOY)
Downward
i
Market Health is the balance between supply and demand indicating whether the used car market is stronger or weaker than previously.
Auto Trader
Updated: 12/05/2025

Median days before sold

28
(Apr '25, +0 YOY)
i
Market Health is the balance between supply and demand indicating whether the used car market is stronger or weaker than previously.
Auto Trader
Updated: 12/05/2025

Wholesale

Car

Average sold price

£7,242
(Apr '25, -£65 MOM)
Downward
i
The average sold price of used cars at Manheim Auction Services.
Manheim
Updated: 12/05/2025

Wholesale price index

94.6
(Feb '25, -1 MOM)
Downward
i
This index tracks the price performance of 2–4-year-old, 50K-70K, grade 1 to 5 cars sold through Manheim auctions relative to January 2020 prices.
Manheim
Updated: 05/03/2025

Average mileage

71k
(Apr '25, +0k MOM)
i
The average mileage of used cars at Manheim Auction Services.
Manheim
Updated: 12/05/2025

Average age

105.7
(Apr '25, +0.2 MOM)
Downward
i
The average sold price of used cars at Manheim Auction Services.
Manheim
Updated: 12/05/2025

First-time conversions

79%
(Apr '25, -6.6% MOM)
Downward
i
The percentage of used cars sold first time at Manheim Auction Services.
Manheim
Updated: 12/05/2025

CAP value movements

-1.5%
(Apr '25, MOM)
Downward
i
The average change at 3-year/60k miles in used cars CAP values each month.
cap hpi
Updated: 12/05/2025

Wholesale supply index

101.7
(Apr '25, +1.1 MOM)
Upward
i
This index tracks the supply of wholesale vehicles relative to January 2020 supply levels.
Manheim
Updated: 12/05/2025

Wholesale demand index

109.8
(Apr '25, -1.8 MOM)
Downward
i
This index tracks the demand for wholesale vehicles relative to whatever the start date was demand levels.
Manheim
Updated: 12/05/2025

Commentary

"Car registrations fell sharply in April as new vehicle duties took effect, with private sales down 7.9% year-on-year and total registrations dropping 10.4%, the weakest in nearly three years. While battery electric vehicle (BEV) sales rose 8.1%, growth slowed notably from March, with broader recovery still tied to domestic demand and economic conditions.

In the used car market, April saw a softening activity following a strong Q1, with subdued demand over the Easter and May holidays. Supply has increased, partly driven by promotional campaigns, placing mild pressure on pricing. Although BEV weakness is concentrated in a few models, overall supply and demand remain balanced. With wholesale volumes gradually rising but still below pre-pandemic levels, the market outlook is steady but cautious, underpinned by hopes of a Bank of England rate cut."

Philip Nothard - Insight Director

Updated: 12/05/25

Commentary

Retail and production

Commercial vehicle

New LCV registrations

20,332
(Apr '25, -14.9% YOY)
Downward
20,332
('25 YTD, -14.9% YTD)
Downward
i
The number of new LCVs registered in the UK each month.
SMMT
Updated: 12/05/2025

UK LCV production

8,040
(Mar '25, +8.2% YOY)
Upward
32,912
('25 YTD, -27.1% YOY)
Downward
i
The number of new LCVs manufactured in the UK each month.
SMMT
Updated: 12/05/2025

New HGV registrations

10,839
(Q3 '24, -6.0% YOY)
Downward
33,376
(-2.5% '24 YTD)
Downward
i
The number of new HGVs registered in the UK each quarter.
SMMT
Updated: 04/12/2024

Wholesale

Commercial vehicle

Average sold price

£8,108
(Apr '25, +£307 MOM)
Upward
i
The average sold price of used LCVs at Manheim Auction Services
Manheim
Updated: 12/05/2025

Average age

62.9
(Apr '25, -7.5 MOM)
Downward
i
The average age in months of used LCVs at Manheim Auction Services.
Manheim
Updated: 12/05/2025

Average mileage

80k
(Apr '25, +0.3 MOM)
Upward
i
The average mileage of used LCVs at Manheim Auction Services.
Manheim
Updated: 12/05/2025

CAP average

98.4%
(Apr '25, -0.6% MOM)
Downward
i
The average CAP performance of used LCVs sold at Manheim Auction Services.
Manheim
Updated: 12/05/2025

First-time conversions

81.2%
(Apr '25, +2.2% MOM)
Upward
i
The percentage of used LCVs sold first time at Manheim Auction Services.
Manheim
Updated: 12/05/2025

CAP value movements

-1.2%
(Apr '25, MOM)
Downward
i
The average change at 3-year/60k miles in used LCVs CAP values each month.
cap hpi
Updated: 12/05/2025

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