Helping you stay informed about the industry’s most important trends & topics. Discover Insight Quarterly.

Retail and production

Car

New car registrations

140,786
(Dec '24 -0.2% YoY)
Downward
1,952,778
('24 YTD, +2.6% YTD)
Upward
i
The number of new cars registered in the UK every month.
SMMT
Updated: 07/01/2025

New car forecast (2025)

2.30m
(upside)
Upward
2.04m
(baseline)
Upward
1.74m
(downside)
Downward
i
The Cox Automotive new car registration forecast - 2024 full year.
Cox Automotive
Updated: 04/12/2024

Used car transactions

1,884,160
(Q3 '24, +4.3% YOY)
Upward
5,897,129
('24 YTD, +6.0% YOY)
Upward
i
The number of used cars sold in the UK every quarter.
SMMT
Updated: 04/12/2024

Used car forecast (2025)

7.80m
(upside)
Upward
7.48m
(baseline)
Upward
7.13m
(downside)
Downward
i
Cox Automotive used car transactions forecast - 2024 full year.
Cox Automotive
Updated: 04/12/2024

UK new car production

64,216
(Dec '24, -30.1% YOY)
Downward
734,562
('24 YTD, -12.9% YOY)
Downward
i
The number of new cars manufactured in the UK each month.
SMMT
Updated: 07/01/2025

Retail margin

£2,236
(Dec '24, -£16 MOM)
Downward
i
The average margin between cars bought on Dealer Auction and retailed on Auto Trader.
Dealer Auction
Updated: 07/01/2025

Retail demand

-2.2%
(Dec '24, YOY)
Downward
i
Demand is a measure of consumer response on Auto Trader used car adverts.
Auto Trader
Updated: 07/01/2025

Used car supply

-5.1%
(Dec '24, YOY)
Downward
i
Supply is the level of used car stock in the market.
Auto Trader
Updated: 07/01/2025

Market health

+3.3%
(Dec '24, YOY)
Upward
i
Market Health is the balance between supply and demand indicating whether the used car market is stronger or weaker than previously.
Auto Trader
Updated: 07/01/2025

Median days before sold

31
(Dec '24, -6 YOY)
Downward
i
Market Health is the balance between supply and demand indicating whether the used car market is stronger or weaker than previously.
Auto Trader
Updated: 07/01/2025

Wholesale

Car

Average sold price

£7,306
(Dec ' 24, -£236 MOM)
Downward
i
The average sold price of used cars at Manheim Auction Services.
Manheim
Updated: 07/01/2025

Wholesale price index

97.6
(Dec '24, +3 MOM)
Upward
i
This index tracks the price performance of 2–4-year-old, 50K-70K, grade 1 to 5 cars sold through Manheim auctions relative to January 2020 prices.
Manheim
Updated: 07/01/2025

Average mileage

68k
(Dec '24, -1k MOM)
Downward
i
The average mileage of used cars at Manheim Auction Services.
Manheim
Updated: 07/01/2025

Average age

100.7
(Dec '24, -0.9 MOM)
Downward
i
The average sold price of used cars at Manheim Auction Services.
Manheim
Updated: 07/01/2025

First-time conversions

79%
(Dec '24, -3.7% MOM)
Downward
i
The percentage of used cars sold first time at Manheim Auction Services.
Manheim
Updated: 07/01/2025

CAP value movements

-1.5%
(Dec '24, MOM)
Downward
i
The average change at 3-year/60k miles in used cars CAP values each month.
cap hpi
Updated: 07/01/2025

Wholesale supply index

60.0
(Dec '24, -9.6 MOM)
Downward
i
This index tracks the supply of wholesale vehicles relative to January 2020 supply levels.
Manheim
Updated: 07/01/2025

Wholesale demand index

73.9
(Dec '24, -3.2 MOM)
Downward
i
This index tracks the demand for wholesale vehicles relative to whatever the start date was demand levels.
Manheim
Updated: 07/01/2025

Commentary

“The final update for new car registrations in 2024 reflects consistent trends throughout the year. Fleet purchases drove the market while private purchases waned. However, it is encouraging to see full year battery electric vehicle sales accounting for 20% of new cars on the road. Albeit shy of the 22% goal, this consistent growth is promising for the year ahead. The industry’s primary focus should now be laser-focused on economic growth, recovery and working closely with the government to make meaningful, achievable steps towards zero-emission vehicle adoption.”

Philip Nothard - Insight & Strategy Director

Updated: 08/01/25

Commentary

Retail and production

Commercial vehicle

New LCV registrations

27,221
(Dec '24, -8.3% YOY)
Downward
351,834
('24 YTD, +3.0 % YTD)
Upward
i
The number of new LCVs registered in the UK each month.
SMMT
Updated: 07/01/2025

UK LCV production

12,749
(Dec '24, -4.1% YOY)
Downward
118,583
('24 YTD, +5.6% YOY)
Upward
i
The number of new LCVs manufactured in the UK each month.
SMMT
Updated: 07/01/2025

New HGV registrations

10,839
(Q3 '24, -6.0% YOY)
Downward
33,376
(-2.5% '24 YTD)
Downward
i
The number of new HGVs registered in the UK each quarter.
SMMT
Updated: 04/12/2024

Wholesale

Commercial vehicle

Average sold price

£7,825
(Dec '24, +£211 MOM)
Upward
i
The average sold price of used LCVs at Manheim Auction Services
Manheim
Updated: 07/01/2025

Average age

67.8
(Dec '24, -1.2 MOM)
Downward
i
The average age in months of used LCVs at Manheim Auction Services.
Manheim
Updated: 07/01/2025

Average mileage

79k
(Dec '24, +0 MOM)
i
The average mileage of used LCVs at Manheim Auction Services.
Manheim
Updated: 07/01/2025

CAP average

97.1%
(Dec '24, -1.76% MOM)
Downward
i
The average CAP performance of used LCVs sold at Manheim Auction Services.
Manheim
Updated: 07/01/2025

First-time conversions

83.0%
(Dec '24, +1.6% MOM)
Upward
i
The percentage of used LCVs sold first time at Manheim Auction Services.
Manheim
Updated: 07/01/2025

CAP value movements

-0.5%
(Dec '24, MOM)
Downward
i
The average change at 3-year/60k miles in used LCVs CAP values each month.
cap hpi
Updated: 07/01/2025

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