Used automobile market accelerates as gross sales attain report speeds, finds Auto Dealer

The pace at which used automobiles are promoting is constant to speed up with automobiles taking a mean of simply 25 days to promote in March, in accordance with the most recent knowledge from Auto Dealer.

This follows the fast tempo noticed in January (31 days) and February (28 days), making 2025 the quickest 12 months on report for used automobile gross sales.

Amongst all used automobiles on sale, the Vauxhall Grandland is at present main the pack by way of pace of sale. Beneath one-year-old petrol-hybrid variations of the SUV are promoting in 7.5 days on common in March.

Shut behind is the one-year-old Mercedes-Benz GLC, one other petrol-hybrid SUV, which is promoting in simply 8.5 days. Rounding out the highest three is the one-year-old petrol Jeep Avenger, which takes a mean of 11 days to promote.

The Grandland, GLC, and Avenger are amongst a number of ‘almost new’ (aged as much as one 12 months) automobiles breaking by as quick sellers, with half of the highest ten fastest-selling automobiles belonging to this class.

Nevertheless, Auto Dealer’s knowledge additionally reveals that 80% of the slowest-selling used automobiles are within the ‘almost new’ cohort, which on common takes 31 days to depart the forecourt. This distinction highlights various ranges of demand inside this age group.

Conversely, older used automobiles aged 5-10 years are promoting swiftly, taking simply 23 days on common – two days sooner than the general tempo of sale for March. This age group additionally enjoys the strongest market well being of any class at 7.36%, with demand up 7.1% year-on-year.

Richard Walker, Auto Dealer’s knowledge and insights director, commented: “The accelerating pace at which automobiles are transferring off forecourts is an encouraging signal for the used automobile market. Nevertheless, this report pace of sale means that for a lot of retailers, there’s room to optimise pricing to totally capitalise on the robust shopper demand.

“Retailers should be assured of their pricing and, with the used market at present buoyant, worth appropriately to the retail market. Staying near the market knowledge might be important for maximising revenue whereas sustaining a fast fee of inventory turnover.”