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Topic: inventory

CarGurus UK Vehicle Availability Index & Insights Report – June 2022

Posted by Kevin Roberts on July 8, 2022

As we reach the midpoint of the year, the UK remains an outlier in the used vehicle market, especially compared to the US and Canada.

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Topics: industry insights, inventory, stock, used vehicles, vehicle availability

CarGurus UK Vehicle Availability Index & Insights report – May 2022

Posted by Kevin Roberts on June 7, 2022

Higher-priced vehicles continue to impact the data, although not in quite the same way as last year, as consumers seem to have shifted their buying preferences from any vehicle to a vehicle under £20k — and, ideally under £10k.

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Topics: industry insights, inventory, stock, used vehicles, vehicle availability

CarGurus UK Vehicle Availability Index & Insights report – April 2022

Posted by Kevin Roberts on May 11, 2022

April saw a continuation of trends from March with inventory levels effectively flat (up 0.005%) from March and year-over-year levels remaining positive compared to heavily impacted 2021 COVID levels.

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Topics: industry insights, inventory, stock, used vehicles, vehicle availability

CarGurus UK Vehicle Availability Index & Insights report – February 2022

Posted by Kevin Roberts on March 7, 2022

February ended up being a near carbon copy of January’s results, as month-over-month variances were relatively small – however, particularly for prices, the year-over-year values remain elevated.

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Topics: inventory, used vehicles, vehicle availability

CarGurus UK Vehicle Availability Index & Insights report – January 2022

Posted by Kevin Roberts on February 4, 2022

January’s data can be viewed as glass half full or glass half empty. On the glass half full side, used inventory levels are up 6% compared to last year. However, on the glass half empty side, our index decreased 3.8% from December. While the increase from last year is a positive, the drawdown in inventory from last month could be hinting at a further decrease in the coming months as sales seasonally increase.

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Topics: industry insights, inventory, used vehicles

CarGurus UK Vehicle Availability Index & Insights report – December 2021

Posted by Kevin Roberts on January 11, 2022

2021 ended as expected, with used inventory levels rising – however, prices and days-on-market didn’t see any relief. The CarGurus UK Used Vehicle Availability Index increased by 6.5% compared to November and is now up 7.1% year-over-year – overall, this is effectively as great a recovery as we’ve seen in inventory volumes. However, this increase in inventory is expected, as December is historically the lowest month for used vehicle sales, which is the likely source of the inventory increase. Supporting indicators, too, show more volatility underneath the surface.

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Topics: inventory, new vehicles, used vehicles, vehicle availability

Drive more leads with these inventory photo best practices

Posted by Meg Bernazzani on January 5, 2022

If you’ve purchased pretty much anything online, you’re well aware of the importance of photos. The quality and quantity of photographs on a listing play a significant role in engaging buyers and, ultimately, converting them. And for a process where over half of buyers start undecided about make (53%) and model (57%), it’s crucial that you (or the photographer you hire!) take numerous high-quality photos for every vehicle on your forecourt. Excellent photographs will capture the attention of more low-funnel buyers, ensuring you don’t miss out on online leads.

So what can you do to improve your existing photos? Take a look at what you currently have displayed on your VDPs and ensure you’ve followed these three best practices.

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Topics: best practices, inventory, photos

CarGurus UK Vehicle Availability Index & Insights report – November 2021

Posted by Kevin Roberts on December 8, 2021

With used vehicle sales down 6.3% in the third quarter and a likely seasonal slowdown in demand in November/December, it’s not surprising to see used inventory levels increasing. In November, the CarGurus Used Vehicle Availability Index reading came in at just over 96, an increase of 6.9% from October – yet, compared to last year, things are relatively flat with inventory up just 0.6% from last year. However, it is surprising to see that even with demand slightly down, we saw no relief on pricing.

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Topics: CarGurus data, inventory, trends, used vehicles

CarGurus UK Vehicle Availability Index & Insights report – October 2021

Posted by Kevin Roberts on November 10, 2021

The ongoing everything shortage continues to disrupt the auto industry – in particular, new vehicle production – although we’re beginning to see some recovery for used inventory. Once again, inventory levels rose in October with the Vehicle Availability Index coming in at 90, an increase of 9.4% from September. What caused this increase? It looks like consumers, while showing a high demand for private mobility, are still price-conscious.

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Topics: industry insights, inventory, trends, used cars

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