Retail and production

Car

New car registrations

84,054
(Feb' 25 -1.0% YoY)
Downward
223,399
('25 YTD, -1.9% YTD)
Downward
i
The number of new cars registered in the UK every month.
SMMT
Updated: 05/03/2025

New car forecast (2025)

2.28m
(upside)
Upward
2.00m
(baseline)
1.71m
(downside)
Downward
i
The Cox Automotive new car registration forecast - 2025 full year.
Cox Automotive
Updated: 10/02/2025

Used car transactions

1,746,051
(Q4 '24, +4.0% YOY)
Upward
7,643,180
('24 YTD, +5.5% YOY)
Upward
i
The number of used cars sold in the UK every quarter.
SMMT
Updated: 10/02/2025

Used car forecast (2025)

7.90m
(upside)
Upward
7.64m
(baseline)
7.24m
(downside)
Downward
i
Cox Automotive used car transactions forecast - 2025 full year.
Cox Automotive
Updated: 10/02/2025

UK new car production

82,997
(Feb '25, -14.3% YOY)
Downward
82,997
('25 YTD, -14.3% YOY)
Downward
i
The number of new cars manufactured in the UK each month.
SMMT
Updated: 05/03/2025

Retail margin

£1,986
(Feb '25, -£84 MOM)
Downward
i
The average margin between cars bought on Dealer Auction and retailed on Auto Trader.
Dealer Auction
Updated: 10/03/2025

Retail demand

-2.0%
(Feb '25, YOY)
Downward
i
Demand is a measure of consumer response on Auto Trader used car adverts.
Auto Trader
Updated: 10/03/2025

Used car supply

-2.0%
(Feb '25, YOY)
Downward
i
Supply is the level of used car stock in the market.
Auto Trader
Updated: 10/03/2025

Market health

+0.0%
(Feb '25, YOY)
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: 10/03/2025

Median days before sold

28
(Feb '25, +0 YOY)
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: 10/03/2025

Wholesale

Car

Average sold price

£7,609
(Feb '25, +£188 MOM)
Upward
i
The average sold price of used cars at Manheim Auction Services.
Manheim
Updated: 05/03/2025

Wholesale price index

94.6
(Feb '25, -1 MOM)
Downward
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: 05/03/2025

Average mileage

69k
(Feb '25, +0k MOM)
i
The average mileage of used cars at Manheim Auction Services.
Manheim
Updated: 05/03/2025

Average age

102.5
(Feb '25, -0.2 MOM)
Downward
i
The average sold price of used cars at Manheim Auction Services.
Manheim
Updated: 05/03/2025

First-time conversions

86%
(Feb '25, +3.5% MOM)
Upward
i
The percentage of used cars sold first time at Manheim Auction Services.
Manheim
Updated: 05/03/2025

CAP value movements

+0.4%
(Feb '25, MOM)
Upward
i
The average change at 3-year/60k miles in used cars CAP values each month.
cap hpi
Updated: 05/03/2025

Wholesale supply index

91.0
(Feb '25, +6.0 MOM)
Upward
i
This index tracks the supply of wholesale vehicles relative to January 2020 supply levels.
Manheim
Updated: 05/03/2025

Wholesale demand index

96.4
(Feb '25, +3.7 MOM)
Upward
i
This index tracks the demand for wholesale vehicles relative to whatever the start date was demand levels.
Manheim
Updated: 05/03/2025

Commentary

"New car registrations fell by 1.0% to 84,054 units, marking the fifth consecutive monthly decline. Fleet reductions offset private and business gains, while EV deliveries grew by 41.7% (21,244 units), now accounting for 1 in 4 new registrations.
 
Cox Automotive’s forecast of 84,009 was 99.9% accurate, with year-to-date accuracy at 98.7% (226,294 forecast vs. 223,399 actual).
 
Retail supply and demand are easing YoY, but wholesale indexes show an upward trend as trade values firm."

Philip Nothard - Insight Director

Updated: 05/03/25

Commentary

Retail and production

Commercial vehicle

New LCV registrations

14,476
(Feb '25, -19.3% YOY)
Downward
33,526
('25 YTD, -20.0 % YTD)
Downward
i
The number of new LCVs registered in the UK each month.
SMMT
Updated: 05/03/2025

UK LCV production

11,814
(Feb '25, -41.5% YOY)
Downward
11,814
('25 YTD, -41.5% YOY)
Downward
i
The number of new LCVs manufactured in the UK each month.
SMMT
Updated: 05/03/2025

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

£7,103
(Feb '25, -£451 MOM)
Downward
i
The average sold price of used LCVs at Manheim Auction Services
Manheim
Updated: 05/03/2025

Average age

75.1
(Feb '25, +4.1 MOM)
Upward
i
The average age in months of used LCVs at Manheim Auction Services.
Manheim
Updated: 05/03/2025

Average mileage

85k
(Feb '25, -1 MOM)
Downward
i
The average mileage of used LCVs at Manheim Auction Services.
Manheim
Updated: 05/03/2025

CAP average

97.2%
(Feb '25, -1.8% MOM)
Downward
i
The average CAP performance of used LCVs sold at Manheim Auction Services.
Manheim
Updated: 05/03/2025

First-time conversions

78.2%
(Feb '25, -6.1% MOM)
Downward
i
The percentage of used LCVs sold first time at Manheim Auction Services.
Manheim
Updated: 05/03/2025

CAP value movements

-1.2%
(Feb '25, MOM)
Downward
i
The average change at 3-year/60k miles in used LCVs CAP values each month.
cap hpi
Updated: 05/03/2025

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