The supply of used cars priced over £150k on Auto Trader has “increased exponentially and outpaced demand in the last year”. The number of cars is up 42% year-on-year – but enquiries have fallen 4%. It now takes 80 days to sell cars priced over £150k, a full 24 days slower than the 2022 average.
“Some wealthier drivers are feeling the pinch and are now more willing to part company with their supercars,” said data and insights director Richard Walker.
1 in 5 cars priced over £150k are Ferraris, although 1 in 4 enquiries sent to retailers are about Lamborghinis.