Auto Trader Insight

In light of the recent court of appeal ruling on finance commissions, we brought together a panel of experts to break down what this means for the industry. To review the key points from the discussion and watch the webinar on demand, click the blog in the comments. + Stay tuned for a detailed Q&A session where we’ll address your questions! #AutoTrader | #Blog Ian Plummer | Adrian Dally | Joanne Davis | Martin Ward

2024: The year of peak petrol!🚙 Starting in 2025, the number of petrol cars will begin to decline as electric vehicle supply continues to accelerate. By 2027, we anticipate nearly a million fewer petrol cars in the parc. With demand still strong, prices are expected to rise, and competition for stock will intensify. A solid used EV strategy will be more important than ever. For more information: https://bit.ly/4fWGcIe #AutoTrader | #EV

Used car market set to rise🚗 Despite the political instability of a general election, used car demand remained resilient this year. We saw 970.6 million visits to Auto Trader over the last 12 months (74 million more than the same period last year!). With such strong fundamentals, and an improving economic outlook, we expect the used car market to maintain the growth momentum of the last two years and rise from e.7.61million sales this year to e.7.70 million. For more information: https://bit.ly/4fWGcIe #AutoTrader | #UsedCar

We enter 2025 with retail demand for new cars on Auto Trader increasing (up nearly 20% YoY in November)📈 And so despite challenges, we predict the new car market will grow next year, rising 2% from an estimated 1.94 million registrations to circa 1.98 million. However, there'll be increased competition with +17 more brands than 2019, so OEMs and retailers will have to work harder for share of wallet. Promote your stock on the #1 platform for new car sales. #AutoTrader |#NewCar

Register for our next webinar where we’ll discuss the latest finance updates affecting retailers and the challenges of EV adoption. 🎙️Our expert panel, together with Andrew Broadfield, FCA Managing Director, Electric & Insurance at Motability Operations, will break down what these changes mean for retailers and how to prepare for the road ahead. 📅Register now: https://bit.ly/3Zi8Tty #Autotrader | #Webinar

The story of the automotive landscape so far💭🚗 The last 25 years have seen staggering change in our industry. But where were we at the start of this century and where are we heading? See how we’ve gone from a landscape dominated by the likes of Ford and Vauxhall, to a market made up of 50 brands where the SUV reigns supreme🚙Then scroll through our timeline to see what the next decade has in store!👇 #Autotrader | #Blog

💷 What impact did the Budget have on car buying demand…according to our analysis, not much. 🚗 Ahead of the Chancellor’s announcement consumer confidence did drop slightly as uncertainty around tax increases weighed on households and businesses. Since then, however, consumer activity has remained healthy: so far this month, visits to our platform are up 8% YoY, demand is up 6%, cars are selling faster than this time last year (32 days vs 33), and according to our data, sales are currently up circa 7%. 📈 What’s more, in-market confidence remains positive, with our latest consumer research showing nearly 80% of those surveyed are as confident or more in their ability to afford their next car, whilst three quarters are still looking to purchase a car in the next 6 months. Read our latest 2025 forecasts to see how we think this strong demand will play out next year #thebudget #Autotrader #2025MarketForecast

🚨Auto Trader 2025 Market Forecasts🚨 🚗 New car market: Expect a 2% growth in 2025, driven by increased availability and affordability, however competition will heat up as there will be 17 more brands in the market in 2025 vs 2019. 🚙Used car market: Despite sourcing challenges, 'strong' fundamentals will push sales from 7.61 million to 7.70 million. 👥Consumer confidence: Car buying confidence remains, as Auto Trader records additional 74 million visits in 2024. Read more below and stay tuned for our full forecast data next week! #Autotrader | #2025MarketForecast

Celebrating excellence in automotive retail🎉 Last month, we celebrated the best in the industry at the Auto Trader Retailer Awards 2024👏Watch some of the highlights below👇 Curious about the key insights from the event? Click here for more: https://bit.ly/4i19rvu #AutoTrader | #RetailerAwards2024 | Nathan Coe | Catherine Faiers | Ian Plummer | Rory Reid | James Baggott | Rebecca Clark | Kate Carter | Matt Betts | Paul Marsh

Impact, Scale and Partnership💥 3 key themes from the latest in our Building a Sustainable Automotive Industry event series last night. We heard from edie, Richard Norris from Drive-Green, Hermione Williams-Copp (CIMA) from JLR and Chris from UNDO who shared fantastic insights into their own work and how we can all approach sustainability for the best results. Thanks so much to everyone who came, if you want to get involved in this work, join our Building a Sustainable Automotive Industry community group, link in comments. #Autotrader | #Sustainability | Erin Baker | Ian Plummer| Laura Harvey | Jennifer Wilson