Retail and production
Car
New car registrations |
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New car forecast |
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2.03m (upside) |
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1.92m (baseline) |
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1.81m (downside) |
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Used car transactions |
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Used car forecast |
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7.45m (upside) |
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7.15m (baseline) |
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7.02m (downside) |
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UK new car production |
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Retail margin |
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Retail demand |
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Used car supply |
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Market health |
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Median days before sold |
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Wholesale
Car
Average sold price |
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Wholesale price index |
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Average mileage |
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Average age |
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First-time conversions |
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CAP value movements |
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Wholesale supply index |
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Wholesale demand index |
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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 |
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Used LCV transactions |
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UK LCV production |
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New HGV registrations |
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Wholesale
Commercial vehicle
Average sold price |
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Average age |
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Average mileage |
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CAP average |
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First-time conversions |
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CAP value movements |
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