SUVs drive used car demand
SUVs made up nine of the top 10 fastest selling used models in August.
This is according to data from Auto Trader’s Fastest Selling Index, which live tracks the potential speed at which vehicles will sell.
The analysis also found that demand for all body types is up significantly year-on-year, with consumer demand, as measured by audience to Auto Trader’s marketplace, up 28.6% year-on-year with more than 2.1 million cross-platform visits a day.
Karolina Edwards-Smajda, said: “We’re seeing solid demand across most body types, but the star of the show continues to be SUVs where demand is up by 43.6% year-on-year according to data from our Market Insight tool. This strong consumer appetite, along with the continued rise in used car prices and the record audience we are seeing on Auto Trader, is a strong indicator that the market will remain buoyant in the coming months.
“Whilst the market is currently recording very strong used car sales few retailers can afford to be complacent. Retailers should capitalise on the huge demand by utilising the most up- to-date data to help make decisions on stock and price, especially at a time where sourcing stock is a challenge, to ensure their forecourts are tailored to their local market.”
