Like 2021, 2022 ended with seasonal trends remaining strong in the used vehicle market. Inventory saw a slight increase of 1.6%, but levels were down by 1.4% year-over-year. Similarly, average used vehicle listing prices saw an even smaller increase of 0.7% compared to November to just over £19.1k, while prices are still down 2.3% compared to last year. Finally, days-on-market saw a similar seasonal month-over-month increase of 16.1% to over 74 days, while levels were down 11.2% year-over-year.
To learn more about the trends impacting vehicle inventory, download the December 2022 edition of the CarGurus UK Vehicle Availability Index & Insights Report.