Credit: Tesla

Tesla Model 3 was the fastest-selling car in September in the UK, according to eBay Motors. On average, the car was purchased in 17 days after listing, while its closest competitor, the Audi E-Tron, was purchased in 20 days.

Tesla Model 3 was the fastest-selling used car in September. According to Motortrader, the average time to sell the car was just 17 days. Behind it, in second place, is Audi E-Tron with a sale period of 20 days. In third place was Ford Mustang, which took an average of 21 days to sell. You may notice that the Model 3 sale period is significantly lower than that of its competitors.

Electric vehicle prices have been falling in recent months. However, the trend paused in September with a 1% increase to £31,203. Overall, inventory levels averaged 47 units, down from 48 in August. At the same time, the number of units for franchised dealers decreased by one unit month-on-month to 53, and for independent dealers to 36 units.

As before, petrol cars make up more than half of all dealer inventories listed on Motors.co.uk. They recorded 5% year-on-year growth to 53%. The share of diesel vehicles decreased by 9% and occupied 39%. The share of alternative fuel vehicles increased compared to last year, with the share of hybrids more than doubling to 6% and the share of electric vehicles increasing by 98% to 3%.

Days to sell cars averaged 35 in September, down from 36 in August. Franchised dealers saw the largest month-over-month improvement, from 32 to 29 days. In car supermarkets, this period remained unchanged and amounted to 28 days, and in independent supermarkets, it increased from 46 to 49 days.

“September proved to be a relatively stable month for the used car market with consistent month-on-month tracking across stock levels, demand and prices,” said Lucy Tugby, marketing director of eBay Motors Group.

“While the 73 plate-change will have generated welcome part-exchange volumes for franchised dealers, our data suggests many of these vehicles are still being processed and prepared for sale over the coming weeks.

“The shortage of stock remains a challenge for all dealers with the dip in car supermarket volumes suggesting they are not moving to replenish inventories that had been built up over the summer period. While independents continue to navigate their way through the overall shortage of stock by cherry picking vehicles they know will resonate with buyers,” said Tugby.

© 2023, Eva Fox | Tesmanian. All rights reserved.

_____________________________

We appreciate your readership! Please share your thoughts in the comment section below. 

Article edited by @SmokeyShorts; follow him on Twitter

Follow @EvaFoxU