Retail and production

Car

New car registrations

139,345
(Jan' 25 -2.5% YoY)
Downward
139,345
('25 YTD, -2.5% YTD)
Downward
i
The number of new cars registered in the UK every month.
SMMT
Updated: 10/02/2025

New car forecast (2025)

2.28m
(upside)
Upward
2.00m
(baseline)
Upward
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

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

£2,070
(Jan '25, -£166 MOM)
Downward
i
The average margin between cars bought on Dealer Auction and retailed on Auto Trader.
Dealer Auction
Updated: 10/02/2025

Retail demand

-1.0%
(Jan '25, YOY)
Downward
i
Demand is a measure of consumer response on Auto Trader used car adverts.
Auto Trader
Updated: 10/02/2025

Used car supply

-3.0%
(Jan '25, YOY)
Downward
i
Supply is the level of used car stock in the market.
Auto Trader
Updated: 10/02/2025

Market health

+2.0%
(Jan '25, 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: 10/02/2025

Median days before sold

38
(Jan '25, +3 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: 10/02/2025

Wholesale

Car

Average sold price

£7,421
(Jan ' 25, +£115 MOM)
Downward
i
The average sold price of used cars at Manheim Auction Services.
Manheim
Updated: 10/02/2025

Wholesale price index

95.3
(Jan '25, -2 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: 10/02/2025

Average mileage

69k
(Jan '25, +1k MOM)
Downward
i
The average mileage of used cars at Manheim Auction Services.
Manheim
Updated: 10/02/2025

Average age

102.7
(Jan '25, +2.0 MOM)
Downward
i
The average sold price of used cars at Manheim Auction Services.
Manheim
Updated: 10/02/2025

First-time conversions

82%
(Jan '25, +2.5% MOM)
Upward
i
The percentage of used cars sold first time at Manheim Auction Services.
Manheim
Updated: 10/02/2025

CAP value movements

-1.5%
(Jan '25, MOM)
Downward
i
The average change at 3-year/60k miles in used cars CAP values each month.
cap hpi
Updated: 10/02/2025

Wholesale supply index

85.0
(Jan '25, +25.0 MOM)
Upward
i
This index tracks the supply of wholesale vehicles relative to January 2020 supply levels.
Manheim
Updated: 10/02/2025

Wholesale demand index

92.7
(Jan '25, +18.8 MOM)
Upward
i
This index tracks the demand for wholesale vehicles relative to whatever the start date was demand levels.
Manheim
Updated: 10/02/2025

Commentary

“The yearly decline in new car registrations reflects the current challenges the UK automotive sector faces, with economic uncertainty continuing to weigh on consumer confidence. While EV adoption maintains steady growth, private buyers remain cautious. This highlights the pressing need for significant support and incentives to accelerate adoption, especially as new consumer data from Cox Automotive and Regit highlights that 86% of drivers don’t think there are sufficient incentives to support EV adoption in the UK. The industry has made significant investments to drive the shift, yet many consumers still need reassurance on affordability and infrastructure before switching.

Philip Nothard - Insight & Strategy Director

Updated: 10/02/25

Commentary

Retail and production

Commercial vehicle

New LCV registrations

19,050
(Jan '25, -20.5% YOY)
Downward
19,050
('25 YTD, -20.5 % YTD)
Downward
i
The number of new LCVs registered in the UK each month.
SMMT
Updated: 10/02/2025

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

£7,554
(Jan '25, -£271 MOM)
Downward
i
The average sold price of used LCVs at Manheim Auction Services
Manheim
Updated: 10/02/2025

Average age

71
(Jan '25, +3.2 MOM)
Upward
i
The average age in months of used LCVs at Manheim Auction Services.
Manheim
Updated: 10/02/2025

Average mileage

86k
(Jan '25, +7 MOM)
Upward
i
The average mileage of used LCVs at Manheim Auction Services.
Manheim
Updated: 10/02/2025

CAP average

99.02%
(Jan '25, +1.97% MOM)
Upward
i
The average CAP performance of used LCVs sold at Manheim Auction Services.
Manheim
Updated: 10/02/2025

First-time conversions

84.3%
(Jan '25, +1.3% MOM)
Upward
i
The percentage of used LCVs sold first time at Manheim Auction Services.
Manheim
Updated: 10/02/2025

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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