Press release

Fastest Selling Used Car | July 2020

SUVs reign supreme as Peugeot 2008 revealed as UK’s fastest selling used car

The 2015 Peugeot 2008 (diesel automatic) is currently the UK’s fastest selling used car, taking an average of just 26 days to turn on UK forecourts.

Data from Auto Trader’s Fastest Selling Index, which live tracks the potential speed at which vehicles will sell based on live supply and demand in the market, revealed the strong consumer appetite for SUVs shows no sign of abating, with six making it onto the national top 10 of fastest turners. The 2008 is joined by four variations of Mazda’s venerable CX-5 SUV, as well as the Dacia Duster (2015 diesel manual), which was recently crowned Best Value New Car at the Auto Trader New Car Awards 2020.

With the recent dry and sunny summer weather, it’s no surprise that the latest analysis of the Index also revealed an increase in demand for coupes and convertibles. The 2015 Peugeot RCZ (petrol manual) is 4th on the list, whilst the 2016 BMW Z4 petrol automatic and petrol manual variants round off the top ten list in 8th and 10th place respectively.

Looking at the list of used cars that took the longest to leave forecourts, analysis revealed nearly new plugin hybrids to be among the slowest selling used cars in the UK. With economic uncertainty a concern for many consumers, the comparatively high sticker price of a low emission vehicle remains a major barrier to entry for many car buyers.

Commenting on the Index, Auto Trader’s director of commercial products, Karolina Edwards-Smajda, said: “Even after seven weeks of forecourts reopening in England, demand remains exceptionally high with an average of 1.4 million people visiting our marketplace every day, which is 19% more than this time last year. This is reflected in the speed of sale retailers are experiencing on their forecourts, with the average days to turn back to pre-COVID-19 levels.

“The latest results highlight the enduring popularity of SUVs. Data from our Market Insight tool, which is available to all Auto Trader customers, reveals that demand for 4x4s and crossovers has increased 42.5% since the beginning of June - more than any other body type - followed by coupes and convertibles.  We strongly believe that utilising data alongside your own expertise will be essential in the industry’s recovery from the impact of lockdown. With the auction volumes still recovering and trade prices remaining high, being able to identify the most in demand vehicles and pricing them according to the market will determine your success.”

The speed at which these vehicles sold was further complemented by their Auto Trader Retail Rating metric which, rather than being retrospective, offers a clear metric on how likely the vehicle will sell if priced correctly in the current market.

The metric is based on analysis of over 1.9 million vehicles each day, including 90,000 vehicle updates and an average of 19,000 vehicles added or removed from Auto Trader. Coupled with data from circa 450,000 daily trade used car listings, as well as additional dealer forecourt and website data, it’s the industry’s largest and most robust dataset.

Such analysis allows Auto Trader to provide industry leading, up to the minute data, to ascertain the very best and slowest performing stock available to retailers in the current market.

Current fastest selling used cars (by days to turn) – as of 22nd July 2020:

Rank

Make / model

Fuel & transmission

Auto Trader Retail Rating

Predicted days to sell

1

2015 Peugeot 2008

Diesel - Automatic

99.70

26

2

2016 Mazda CX-5

Diesel - Manual

99.14

27

3

2015 Mazda CX-5

Diesel - Manual

98.95

28

4

2015 Peugeot RCZ

Petrol - Manual

99.12

29

5

2016 Mazda CX-5

Diesel - Automatic

99.98

29

6

2015 Mazda CX-5

Diesel - Automatic

97.69

30

7

2015 Dacia Duster

Diesel - Manual

97.42

30

8

2016 BMW Z4

Petrol - Automatic

98.91

34

9

2014 Vauxhall Zafira

Petrol - Manual

97.07

35

10

2016 BMW Z4

Petrol - Manual

97.69

36

 

Current slowest selling used cars (by days to turn) – as of 22nd July 2020:

Rank

Make / model

Fuel & transmission

Auto Trader Retail Rating

Predicted days to sell

1

2020 Peugeot 508

Petrol Plugin Hybrid – Automatic

3.95

150

2

2020 Merecedes-Benz C-Class

Diesel Plugin hybrid – Automatic

4.38

150

3

2019 Subaru Forester

Petrol Hybrid – Manual

4.38

150

4

2020 Peugeot 508 SW

Petrol Plugin Hybrid – Automatic

3.90

149

5

2020 Volvo S60

Petrol Plugin hybrid – Automatic

4.32

148

6

2019 Kia XCeed

Petrol – Manual

3.46

147

7

2019 Kia XCeed

Diesel - Manual

3.47

147

8

2019 Volvo S60

Petrol Plug in Hybrid - Automatic

4.43

145

9

2019 Kia Xceed

Petrol – Automatic

3.75

140

10

2020 Vauxhall Corsa

Diesel – Manual

4.01

139

 

- ENDS-

About Retail Accelerator

Retail Accelerator is Auto Trader’s complete forecourt management solution, designed to complement a retailer’s own expertise by using the industry’s most comprehensive data set to inform every aspect of the retail process.

Monitoring over 1.9 million vehicles each day (including 90,000 vehicle updates), as well as data from circa 450,000 daily trade used car listings, dealer forecourt and website data, and industry data (including the Society of Motor Manufacturers and Traders (SMMT), the Driving and Vehicle Licensing Agency (DVLA), and the National Franchise Dealers Association (NFDA)), Retail Accelerator is the most powerful tool to sell more stock, faster and for more profit.

To ensure retailers have the most accurate picture of the fast-moving live retail market, Retail Accelerator includes the unique Auto Trader Retail Rating metric, which scores each car based on how quickly they are likely to sell at their market value from a retailer’s exact location. It’s powered by Auto Trader’s unrivalled insight on real time buyer demand on Auto Trader, the live market supply and historical days to sell performance.

About Auto Trader

Auto Trader Group plc is the UK and Ireland's largest digital automotive marketplace. Auto Trader sits at the heart of the UK's vehicle buying process and its primary activity is to help vehicle retailers compete effectively on the marketplace in order to sell more vehicles, faster. Auto Trader listed on the London Stock Exchange in March 2015 and is now a member of the FTSE 100 Index.

The marketplace brings together the largest and most engaged consumer audience. Auto Trader has over 90% prompted brand awareness and attracts circa 50 million monthly cross platform visits each month, with over 70% of visits coming through mobile devices.

The marketplace also has the largest pool of vehicle sellers (listing around 450,000 cars each day). Around 80% of UK automotive retailers advertise on autotrader.co.uk.

For more information, please visit http://about-us.autotrader.co.uk  

For all media enquiries, please contact:

Andrew Nankervis | andrew.nankervis@autotrader.co.uk

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