The latest market data shows that consumer demand, speed of sale, and transactions were all stable in May, whilst average retail prices followed seasonal trends. According to Auto Trader’s Retail Price Index the average price of a used car was £16,825, which marked the second consecutive month prices were flat on a year-on-year (YoY) and like-for-like basis, following more than a year and half of price contractions.

Based on 800,000 daily pricing observations across the whole retail market, the Index also revealed that retail prices had softened -0.7% month-on-month (MoM), a movement which is very much in line with seasonal norms. Apart from the pandemic influenced 2020 and 2021, retail prices have dipped every May following an April[1] increase since Auto Trader first began tracking retail prices in 2011. Read More