A petroleum Vauxhall Corsa under one 12 months old is currently the fastest-selling used automobile, taking a median of just 15 days to sell up to now in August, based on Auto Trader.
Overall, used cars are selling in 29 days on average – matching July’s pace and at some point faster than the identical month last 12 months – an indication of a strong and resilient market.
Electric vehicles (EVs) are increasingly dominating the fastest-selling charts, accounting for half of the highest 10 cars and emerging because the quickest-selling fuel type overall. The typical used EV is now selling in 27 days, down from 28 in July and 29 days in August 2024.
The fastest-selling EV is the Volkswagen ID.3 (hatchback, 3–5 years old), which sells in only 18 days, closely followed by the Hyundai Kona (SUV, 3–5 years) at 18.5 days. Notably, all EVs in the highest 10 fall throughout the 3–5-year-old age bracket, underlining the increasing electrification of older cars within the UK’s used market and the urgency for retailers to adapt forecourts to this trend.
For the reason that launch of the Electric Automobile Grant in July, EVs have increased their share of used automobile leads from 5.3% to six%, suggesting the initiative could also be contributing to growing consumer interest in electric vehicles. The information indicates that EV demand just isn’t only sustaining but accelerating, offering retailers with diversified fuel strategies the chance to capitalise on heightened consumer awareness and consideration.
The youngest automobile at the highest of the list, the Vauxhall Corsa (up to 1 12 months), is selling two weeks faster than the common used automobile. Interestingly, this age cohort (under one 12 months) is often the slowest to sell, taking 36 days on average in August. Similarly, the 1–3-year-old cohort is performing below market average, at 31 days, occupying 4 of the slowest-selling positions.
In contrast, 3–5-year-old cars proceed to dominate the highest 10 fastest-sellers list, accounting for six of the vehicles. This cohort also leads overall, selling in 26 days on average.
The MG HS (petrol, SUV) is the fastest on this age group, at 16 days, with the Volkswagen ID.3 closely behind at 18 days. Looking specifically at EVs inside this cohort, the common speed of sale drops further to simply 22 days, making 3–5-year-old electric cars the fastest-selling segment within the UK used automobile market.
Marc Palmer, head of strategy and insight at Auto Trader, commenting on the findings, said: “With electric cars continuing to sell quickly in August, the info suggests July wasn’t only a blip but hopefully the start of a longer-term trend of used electric automobile success for retailers. Overall, the market is strong, with speed of sale holding firm and even accelerating during August – unusual for the typically slower summer months. Combined with the broader positive market fundamentals we’re tracking, this could provide retailers with confidence for the second half of 2025.”
“Nonetheless, with an ever-evolving market – from government policy to changing consumer preferences – retailers can best set themselves up for achievement by utilizing all the info available when making stocking and pricing decisions.”
This Article First Appeared At www.am-online.com
