Retail and production
Car
New car registrations |
142,876 142,876 |
The number of new cars registered in the UK every month.
SMMT | Updated 05/02/24 |
New car forecast |
|
2.22m (upside) |
|
2.02m (baseline) |
|
1.85m (downside) |
|
The Cox Automotive new car registration forecast - 2023 full year.
Cox Automotive | Updated 05/02/24 |
Used car transactions |
1,884,160 5,563,576 |
The number of used cars sold in the UK every quarter.
SMMT | Updated 05/02/24 |
Used car forecast |
|
7.67m (upside) |
|
7.35m (baseline) |
|
7.11m (downside) |
|
Cox Automotive used car transactions forecast - 2023 full year.
Cox Automotive | Updated 05/02/24 |
UK new car production |
61,768 905,117 |
The number of new cars manufactured in the UK each month.
SMMT | Updated 05/02/24 |
Retail margin |
£2,310 |
The average margin between cars bought on Dealer Auction and retailed on Auto Trader.
Dealer Auction | Updated 05/02/24 |
Retail demand |
+12% |
Demand is a measure of consumer response on Auto Trader used car adverts.
Auto Trader | Updated 05/02/24 |
Used car supply |
+1% |
Supply is the level of used car stock in the market.
Auto Trader | Updated 05/02/24 |
Market health |
+11% |
Market Health is the balance between supply and demand indicating whether the used car market is stronger or weaker than previously.
Auto Trader | Updated 05/02/24 |
Median days before sold |
26 |
Market Health is the balance between supply and demand indicating whether the used car market is stronger or weaker than previously.
Auto Trader | Updated 05/02/24 |
Wholesale
Car
Average sold price |
£6,911 |
The average sold price of used cars at Manheim Auction Services.
Manheim | Updated 05/02/24 |
Wholesale price index |
122 |
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 05/02/24 |
Average mileage |
71k |
The average mileage of used cars at Manheim Auction Services.
Manheim | Updated 05/02/24 |
Average age |
102.5 |
The average age in months of used cars at Manheim Auction Services.
Manheim | Updated 05/02/24 |
First-time conversions |
82% |
The percentage of used cars sold first time at Manheim Auction Services.
Manheim | Updated 05/02/24 |
CAP value movements |
-0.1% |
The average change at 3-year/60k miles in used cars CAP values each month.
cap hpi | Updated 05/02/24 |
Wholesale supply index |
84.4 |
This index tracks the supply of wholesale vehicles relative to January 2020 supply levels.
Manheim | Updated 05/02/24 |
Wholesale demand index |
82.8 |
This index tracks the demand for wholesale vehicles relative to whatever the start date was demand levels.
Manheim | Updated 05/02/24 |
Commentary
"Amid cautious buying behaviour, Manheim Auction Services has observed favourable responses in its supply and demand wholesale indexes. However, first-time conversion rates are on a slight decline as trade values adjust in anticipation of pre-pandemic seasonal patterns.
"The new car market enters its second year of growth with a significant sign of a 'push' market, as August registrations surge by 24.4% despite it being a low-volume month. All eyes are on September, which holds the key to determining the industry's performance for 2023.
"With OEMs re-entering the fleet market and offering increased incentives to stimulate sales amid production recovery, Auto Trader's used market health indicators show a positive trend compared to the previous year, whilst Dealer Auction retail margin holds firm.
"As OEMs reengage with the fleet market and ramp up incentives to drive sales during the production recovery, Auto Trader's used market health indicators demonstrate a positive trend compared to the previous year."
Updated: 15/09/23
Philip Nothard, Insight & Strategy Director
Retail and production
Commercial vehicle
New LCV registrations |
23,962 23,962 |
The number of new LCVs registered in the UK each month.
SMMT | Updated 05/02/24 |
Used LCV transactions |
256,286 495,592 |
The number of used LCVs sold in the UK every quarter.
SMMT | Updated 01/01/22 |
UK LCV production |
8,490 120,357 |
The number of new LCVs manufactured in the UK each month.
SMMT | Updated 05/02/24 |
New HGV registrations |
11,531 34,222 |
The number of new HGVs registered in the UK each quarter.
SMMT | Updated 05/02/25 |
Wholesale
Commercial vehicle
Average sold price |
£9,046 |
The average sold price of used LCVs at Manheim Auction Services
Manheim | Updated 05/02/24 |
Average age |
64 |
The average age in months of used LCVs at Manheim Auction Services.
Manheim | Updated 05/02/24 |
Average mileage |
84k |
The average mileage of used LCVs at Manheim Auction Services.
Manheim | Updated 05/02/24 |
CAP average |
94.77% |
The average CAP performance of used LCVs sold at Manheim Auction Services.
Manheim | Updated 05/02/24 |
First-time conversions |
76.1% |
The percentage of used LCVs sold first time at Manheim Auction Services.
Manheim | Updated 02/05/24 |
CAP value movements |
-1.2% |
The average change at 3-year/60k miles in used LCVs CAP values each month.
cap hpi | Updated 30/08/23 |