The MG HS (petrol, up to 1 year) is the UK’s fastest selling used car, taking an average of just 15 days to sell in June to date, according to Auto Trader.
The car sold two weeks faster than the average used car. Used cars are currently selling in just 29 days, a day faster than in June last year, and two days faster than the same period in 2023.
Marc Palmer, Head of Strategy and Insight at Auto Trader, said: “Car buyers are still attracted by great value, which the HS offers in spades, and the fact it’s selling a fortnight faster than the national average highlights just how popular it is.
“The speed at which used cars sell is an accurate barometer of the strength of the used car market and our data suggests it remains in very robust health as we enter the summer months, as reflected in May’s record 86.3 million site visits.
“As ever, there’s huge nuance in the market, so I’d really encourage retailers to analyse the data and insights available to help spot the most profitable stock for your forecourt.”
Hatchbacks (accounting for 50% of the top 10) and convertibles were the fastest selling body types in June. Both are currently taking just 28 days to sell,
Petrol cars make up the largest proportion of the UK’s ‘hottest’ models, and it is the fastest selling fuel type overall, taking around 28 days to leave forecourts.
The second fastest fuel types overall, are hybrid and diesel cars, both taking 31 days to sell. EVs are lingering on forecourts the longest, with the average EV selling within 32 days.
However, used electric cars are selling three days faster than this time last month (35 days).
Looking at the different age cohorts in more detail, ‘nearly new’ cars (aged less than 12 months old) were the slowest to sell overall, lingering on forecourts for around 36 days.
The e 5–10-year-old cars that are shifting quickest, selling in 27 days.
