Mazda CX-5 UK’s fastest selling used car, according to Auto Trader

The Mazda CX-5 is the UK’s fastest selling used car, taking on average 24 days to sell, according to data from Auto Trader’s Fastest Selling Index.

It marks the second time the 2016 CX-5 has been named as the fastest seller this year (previously in August), and the seventh time it’s been within the top three.

Auto Trader’s Fastest Selling Index live tracks the potential speed at which used cars will sell based on live supply and demand in the market.

Except for the Peugeot RCZ (2014, petrol - manual), which is the UK’s second fastest selling car according to the Index, the current top ten is made up of SUVs and MPVs.

SUVs are the most in demand body type, increasing 20.4% year-on-year (YoY), as of the week October 19 – 25, 2020, according to Auto Trader’s Market Insight analytics tool.

SUVs also accounted for 90% of the fastest selling used cars on Auto Trader in August.

The used car market continues to see an ongoing surge in demand, with levels increasing 21.1% last week compared with the same period last year.

AA Cars data also revealed that demand for used cars has risen 15% year-on-year. 

However, used car values have dropped for the first time since before March's COVID lockdown as motor retailers pushed back against high prices for cars, says Cap HPI.

The Fastest Selling Index also revealed that used diesels are on average leaving forecourts faster than any other fuel type, with diesels powering nine of the top ten.

Auto Trader said the level of diesel supply dropped -12.8% on the same period last year.

Due to low supply used diesels are currently recording the highest level of retail price growth, with sticker prices increasing an average of 9.5% YoY last week, marking 23 weeks of consecutive growth, said Auto Trader.

Karolina Edwards-Smajda, director of commercial products at Auto Trader, said: “The latest findings of the Index highlight just how much of an impact the supply and demand dynamics can have on all aspects of the market.

“In the current retail landscape, it’s critical for retailers to be aware of these fluctuations, to understand how it will affect their business, and to adapt their forecourt strategy, accordingly, including stocking the right vehicles and pricing them correctly.

“Expertise and experience will always be invaluable, but with such unpredictability in the market, very few retailers can afford to operate on hunch alone.”

Current fastest selling used cars (by days to turn) - as of October 27, 2020

Current slowest selling used cars (by days to turn) - as of October 27, 2020