Franchised sellers’ used automobile inventory ranges acquired a fine addition in October from an inflow of part-exchanges following September’s plate-change, whereas costs and demand remained secure. 

eBay Motors Group’s Market View evaluation of October’s key developments discovered common vendor inventories elevated 3% to 48 items, equalling July as the very best degree for the 12 months to this point, and 4% larger than 12 months in the past. 

Commerce-ins following the debut of the 73-plate noticed franchised websites profit from a 6% month-on-month improve from 53 to 56 items. Unbiased sellers’ shares improved barely from 36 to 37 items, though automobile supermarkets have been down from 300 to 295 items, having peaked at 344 in July. 

Improved provide noticed better numbers of electrical autos (EVs) being offered by sellers on the Motors.co.uk platform with volumes up 9% month-on-month and 53% year-on-year, though total they accounted for simply 3% of all listings. 

Hybrids additionally loved higher provide with an 11% month-on-month uplift, accounting for six% of vendor inventory. 

Costs remained secure in October at £17,524, simply £9 up on September, marking the smallest month-to-month motion, constructive or unfavourable, of the 12 months. Total costs are monitoring at 3% larger than 12 months in the past. 

Total days to promote remained unchanged month-on-month at 36, with automobile supermarkets experiencing the quickest gross sales at simply 27 days. 

A mix of higher provide and decrease costs meant various fuelled autos have been the quickest promoting used vehicles led by the hybrid Toyota Prius + (18 days), adopted by the EV Tesla Mannequin 3 (19 days) and Audi E-Tron (20 days). 

“The circulate of part-exchanges, together with fascinating finish of contract fleet and PCP autos, into the used automobile market gathered momentum in October, following a robust begin for the brand new 73-plate,” mentioned Lucy Tugby, advertising and marketing director of eBay Motors Group. 

“That is welcome information for sellers who’ve been working their approach by means of this 12 months’s provide challenges. EVs are enjoying an ever-increasing position within the used market as sellers make the most of decrease wholesale values and retail them at costs which are extra reasonably priced for used automobile consumers,” mentioned Tugby.