Car supermarkets lead September sales with quick turnaround on reduced inventories

By Dianne Davidson / September 27, 2024 / Automotive / 1 minute of reading

Car supermarkets lead September sales with quick turnaround on reduced inventories

Car supermarkets demonstrated their retailing efficiencies in September, achieving rapid sales despite reduced inventories, according to the latest Motors’ Market View report.

Cars at supermarkets averaged just 20 days in stock, significantly outperforming the market average of 29 days. Inventory levels at supermarkets also dropped by 5% month-on-month (MoM) to 258 units, but the segment still managed to grow MoM sales by 4%, the only retail sector to do so.

Overall, buyer activity was strong in September, with online views on the Motors platform reaching a new high for 2024—up 10% MoM and 12% year-on-year (YoY). The majority of searches were for used cars in the £5,000 to £10,000 and £10,000 to £15,000 price ranges.

Stock levels across the entire market remained stable, with an average of 51 units compared to 52 in August, unchanged YoY.

About The Author

Dianne Davidson

Dianne Davidson is a news writer at Texas Ten Thirty One Podcast, where she covers everything from politics to health to business to parenting and finance. Dianne has been writing for over 15 years, but she says she's still learning every day. Dianne grew up in the Houston area, where she still lives with her husband and two kids.