Retail and production
Car
New car registrations |
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 The number of new cars registered in the UK every month. |
74,441
New car forecast |
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1.90m (upside) |
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1.71m (baseline) |
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1.61m (downside) |
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The Cox Automotive new car registration forecast - 2023 full year. |
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Used car transactions |
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The number of used cars sold in the UK every quarter. |
1,571,295
Used car forecast |
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7.51m (upside) |
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7.09m (baseline) |
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6.88m (downside) |
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Cox Automotive used car transactions forecast - 2023 full year. |
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UK new car production |
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The number of new cars manufactured in the UK each month. |
Retail margin |
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The average margin between cars bought on Dealer Auction and retailed on Auto Trader. |
Retail demand |
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Demand is a measure of consumer response on Auto Trader used car adverts. |
Used car supply |
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Supply is the level of used car stock in the market. |
Market health |
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Market Health is the balance between supply and demand indicating whether the used car market is stronger or weaker than previously. |
Median days before sold |
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Market Health is the balance between supply and demand indicating whether the used car market is stronger or weaker than previously. |
Wholesale
Car
Average sold price |
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The average sold price of used cars at Manheim Auction Services. |
Wholesale price index |
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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. |
Average mileage |
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The average mileage of used cars at Manheim Auction Services. |
Average age |
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The average age in months of used cars at Manheim Auction Services. |
First-time conversions |
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The percentage of used cars sold first time at Manheim Auction Services. |
CAP value movements |
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The average change at 3-year/60k miles in used cars CAP values each month. |
Wholesale supply index |
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This index tracks the supply of wholesale vehicles relative to January 2020 supply levels. |
Wholesale demand index |
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This index tracks the demand for wholesale vehicles relative to whatever the start date was demand levels. |
Commentary
"In the crucial first quarter of the year, global production and new vehicle supply levels have exceeded expectations. In certain instances, we’re seeing shorter lead times and increased consumer and fleet incentives to register unsold product. The Cox Automotive Data Dashboard reflects this activity, with positivity in wholesale supply levels and first-time conversion rates. Despite caution towards used BEVs remaining, many are now considered good value. On the other hand, there is a high demand for ‘retail-ready’ petrol and diesel vehicles due to supply shortages caused by reduced production over the last three years, and we don’t anticipate values of these vehicles to ease any time soon."
Updated: 22/03/23
Philip Nothard, Insight & Strategy Director
Retail and production
Commercial vehicle
New LCV registrations |
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The number of new LCVs registered in the UK each month. |
Used LCV transactions |
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The number of used LCVs sold in the UK every quarter. |
UK LCV production |
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The number of new LCVs manufactured in the UK each month. |
New HGV registrations |
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The number of new HGVs registered in the UK each quarter. |
Wholesale
Commercial vehicle
Average sold price |
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The average sold price of used LCVs at Manheim Auction Services |
Average age |
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The average age in months of used LCVs at Manheim Auction Services. |
Average mileage |
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The average mileage of used LCVs at Manheim Auction Services. |
CAP average |
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The average CAP performance of used LCVs sold at Manheim Auction Services. |
First-time conversions |
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The percentage of used LCVs sold first time at Manheim Auction Services. |
CAP value movements |
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The average change at 3-year/60k miles in used LCVs CAP values each month. |