Dealers are selling used cars more quickly than a year ago, perhaps reflecting the norms of stock depreciation, according to the latest Auto Trader data.
The car marketplace has found that in May 2024 the average days to sell was one day less than in May 2023, at 29 days. Within that, stock that was aged three to five years was sold in just 26 days on average, reflecting the high demand for the lower volume of cars that were first registered as the country learned of the emerging coronavirus pandemic.
Nevertheless, its data showed overall used car transaction volumes were up 6% in May.
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An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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