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Topic: industry trends

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