Auto Trader is reporting that early trading figures from the 12 April re-opening show a strong price growth and a record demand for new and used vehicles.
In fact, Auto Trader says used car price growth remains ‘exceptionally high’, based on around 484,000 vehicles currently being advertised in England and Wales, with the average price up 5.7% YoY for 12-18 April, giving 49 weeks of consecutive price growth.
Auto Trader also reported a serious spike in activity, with 2.2 million users across its platforms in the week.
Auto Trader’s Richard Walker, said: “Despite most retailers making a huge success of online retailing during the lockdown, it’s extremely satisfying to see last week’s full reopening of forecourts being met with such strong levels of consumer demand on our marketplace. Along with the anecdotal feedback from our retailer partners of a very busy week it gives us great confidence in the outlook for the rest of 2021. And with the new car market down just 4% on 2019 so far in April, this bounce-back shouldn’t be limited to just used car sales either.”