The used car market showed signs of price stability in April as dealer stock levels grew following an influx of vehicles generated by the March plate-change, says Motors.
The average price of a used car on Motors was £17,541, up £134 (0.8%) MoM and £154 (0.9%) higher than 12 months ago. However, monthly prices have been averaging around £17,500 since October 2024.
Lucy Tugby, marketing director of Motors, said: “April saw a continuation of the trends we have now been tracking for several months, with dealers benefiting from market stability and strong prices.
“Although the late Easter break and school holidays inevitably took some used car buyers out of the market, dealers remained active online and were rewarded by the fastest sales of the year so far.
“The processing of part-exchanges and de-fleets from the company car and leasing sectors, triggered by the March plate-change, saw franchised dealers and car supermarkets increase their stock levels which we expect to generate plenty of online marketing activity over the coming weeks.”
Franchised sites prices were down £32 to £23,602 and car supermarket prices were up £39 to £16,794. Independents were up £98 to £12,853, driven by a 2% rise in the average price of cars aged over 10 years.
For the third consecutive month, the average price of EVs (£23,849) tracked below hybrids (£24,820).
Days to sell improved MoM from 30 to 28 days. Car supermarkets led the way with Cars spent 20 days in stock at car supermarkets, 22 days with franchised dealers and 47 days with Independents.
The most viewed listings on Motors were cars priced £10,000-£14,999.
