The common value of a used automotive in December was £16,649, down 0.6% MoM, in contrast with November. This yr’s value actions are extra consistent with seasonal norms, says Auto Dealer.
The decline in costs of youthful vehicles is impacting the motion of costs total. In flip, pricing is driving the elevated pace of sale. In December, vehicles bought three days faster than 2023, taking 33 days to depart forecourts, down from 36 in 2023.
Richard Walker, Auto Dealer’s information & insights director, mentioned: “There’s loads to be constructive about as we enter 2025 with final yr ending on the quickest promoting December in years and client demand showing resilient.
“There’s a development in direction of extra secure pricing, with year-on-year value drops softening, and so we’re seeing pockets out there the place there may be missed margin alternative. As hardening commerce costs squeeze revenue this can be much more necessary to deal with into 2025.
“The data shows that there is profit opportunity out there for those who use the right tools and information. To unlock success in 2025, ensure your pricing strategy optimises for speed of turn with margin maximisation as a priority.”
YoY pricing was down 4.1% in December which is the smallest YoY drop seen all through 2024. The common value of a used petrol automotive was down 3.2% YoY at £14,782, diesels (4.1% YoY at £14,087) and EVs (priced 10.6% decrease YoY at £26,139).
EVs have been the quickest promoting gasoline sort at 28 days, with three-to-five-year-old EVs promoting inside 24 days on common, adopted by diesels (32 days) and petrol (33 days).
The 2025 outlook is constructive as Auto Dealer’s forecasts, printed final yr, are anticipated to rise from round 7.61m gross sales this yr to round 7.70m in 2025.
