A recent Autotrader survey has revealed that used cars in the UK are finding new owners in an average of 29 days, a slight increase in turnover speed from the previous three-month average of 30 days.  

According to a press release, the uptick in sales pace reflects a dynamic used car market, supported by consistent buyer activity on Autotrader.  

Electric vehicles (EVs) are currently the quickest to sell among used cars, with an average time on the market of 27 days.

This is particularly true for EVs that are ‘middle-aged’ (three to five years old), which are selling at an even more rapid rate of 22 days on average, the marketplace added.

All seven electric models that made it to the top ten fastest-selling used cars fall into this category, indicating a strong consumer preference for pre-owned EVs that combine environmental benefits with more affordable pricing.

Among these, the Tesla Model Y, MG ZS, and Hyundai KONA, all within the three to five-year-old range, are being bought in just 17 days, faster than the average for used EVs.

However, the press release stated that Vauxhall Corsa (petrol, up to one year) is currently the quickest to leave the lot, averaging only 11 days until sale so far this month. 

In contrast, diesel vehicles are facing a downturn in popularity, with half of the slowest-selling used diesel-powered cars.

Overall, these models are taking longer to sell than other fuel types, with an average of 31 days on the market, which is two days above the market average. 

Autotrader strategy and insights head Marc Palmer said: “The data is clear: electric cars are thriving in the used car market this month. Our top ten list this month, which is dominated by ‘middle-aged’ EVs, proves that when the price is right, there is an appetite from buyers to make the switch to electric.  

“And the market as a whole is steadily accelerating, too. For retailers, the opportunity is huge, but success depends on leveraging the latest market intelligence to price precisely, hit demand, and turn stock quickly while protecting margins.” 

Further insights from an earlier AutoTrader report indicate a rise in the UK market’s interest in Chinese-manufactured vehicles.  

Chinese automakers now account for a notable share of all new car enquiries, with JAECOO capturing a 6.2% share of new car leads to retailers, an increase from their initial 4.1% share just eight months prior.