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HomeAutomotive FinanceSteady September for used automotive inventory ranges, demand and costs.

Steady September for used automotive inventory ranges, demand and costs.


Used automotive supplier shares and days to promote remained steady in September as costs dipped marginally, in accordance with the most recent Market View from eBay Motors Group.

Inventory ranges averaged 47 items, in comparison with 48 in August, with franchised sellers down only one unit month-on-month at 53 and independents unchanged at 36. Whereas automotive supermarkets dropped from 331 to 303 items, the second month-on-month fall.

Petrol continues to account for over half of all supplier inventories listed on Motors.co.uk with a 5% year-on-year enchancment to 53%, whereas diesel slipped 9% to take a 39% share. In the meantime, various fuels grew sharply year-on-year with hybrid greater than doubling its share to six% and electrical growing by 98% to a 3% share.

Days to promote averaged 35, in comparison with 36 in August, monitoring on the identical stage since Might however outpacing the year-on-year determine of 38.

Franchised sellers noticed the most important month-on-month enchancment from 32 to 29 days, their quickest up to now this yr. Automotive supermarkets remained unchanged at 28 days, whereas independents elevated from 46 to 49 days.

September’s quickest promoting used automotive was the Tesla Mannequin 3 averaging simply 17 days in inventory, adopted by the Audi E-Tron (20 days) and Ford Mustang (21 days).

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The edging down of used automotive costs continued in September with a -1.1% (£203) drop to £17,536, though this remained 6% up year-on-year. This marked the fifth consecutive month-to-month drop, with costs peaking in January 2023 at £18,903.

The realignment of used EV costs, which has seen a succession of month-to-month drops, paused in September with a 1% enhance to £31,203, though this was -15% down year-on-year.

“September proved to be a comparatively steady month for the used automotive market with constant month-on-month monitoring throughout inventory ranges, demand and costs,” mentioned Lucy Tugby, Advertising Director of eBay Motors Group.

“Whereas the 73 plate-change can have generated welcome part-exchange volumes for franchised sellers, our information suggests many of those autos are nonetheless being processed and ready on the market over the approaching weeks.

“The scarcity of inventory stays a problem for all sellers with the dip in automotive grocery store volumes suggesting they aren’t transferring to replenish inventories that had been constructed up over the summer time interval. Whereas independents proceed to navigate their means by means of the general scarcity of inventory by cherry selecting autos they know will resonate with consumers,” mentioned Tugby.

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