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Posts by Kevin Roberts

CarGurus UK Vehicle Availability Index & Insights report – September 2021

Posted by Kevin Roberts on October 6, 2021

Seasonal changes as well as some exogenous shocks led to shifts in the narrative as we put a bow on the third quarter. However, the underlying uncertainty caused by high demand and limited supply remains.

In somewhat of a surprise move, we saw inventory levels increase in September with the Vehicle Availability Index reading 82.3, an increase of 4.7% from August. However, this was likely caused by both a cyclical decline in used sales in September as well as the petrol shortage at the end of the month, which could have caused consumers to delay purchases.

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Topics: CarGurus data, demand, industry trends, pricing

CarGurus UK Vehicle Availability Index & Insights report – August 2021

Posted by Kevin Roberts on September 8, 2021

There had been a hope that August could be a turning point in the ongoing chip shortage currently battering the global automotive industry; however, that hope came and went with the reality that a resolution in 2021 is not likely. In fact, the UK now looks to be experiencing a direct hit from the chip maelstrom that we’ve seen in other markets in recent months.

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Topics: CarGurus data, inventory, new vehicles, stock, used vehicles

Introducing the CarGurus UK Vehicle Availability Index & Insights report

Posted by Kevin Roberts on August 11, 2021

As vehicle availability continues to challenge both dealers and car-buyers, CarGurus is happy to introduce a new monthly report from our Director of Industry Insights & Analytics, Kevin Roberts. The UK Vehicle Availability Index & Insights report will deliver his in-depth research and outlook for the coming months.

While a recovery from COVID’s direct impact on the economy & industry is challenging, the addition of the global semiconductor shortage has created a further headwind. Though this lack of chips is directly affecting new vehicle availability, there is a trickle-down impact on used, which is increasing in size as the stock shortage lingers.

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Topics: inventory, used cars