Automotive Industry Digest

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Residual value update

Cap hpi reveals the fastest selling cars across the UK

Alternative fuel vehicles (AFVs) are selling faster in the North East than in London, according to new data from used car valuations experts cap hpi.

AFVs including petrol and diesel hybrids take 35 days to sell compared with 36 days to sell in London. The data also reveals AFVs take 53 days to sell in Northern Ireland and 47 days in the north west of England.

Data scientists at cap hpi have analysed hundreds of thousands of adverts from a number of large websites to create a tool that reveals how long it takes to sell a particular model depending on where in the country people live.

Commented Mark Barrett, head of international data science & analytics: “The data covers 100 towns and cities around the UK and over 550 car makes and models. Users are able to search by car make, model and derivative, find out which vehicles sell in the shortest time by region and how much the average selling price is on the second hand market in a particular city or region of the UK.”

The data also reveals the average of adverts duration and adverts volume by fuel type and supplier:

Model Average of Advert Duration Average of Adverts Price Adverts Volume
Fiesta hatchback (2012 – 2017) 38 8253 6500
Focus hatchback (2014 – 2018) 38 12196 3550
Corsa hatchback special eds (2014 —-) 44 8260 3479
Corsa hatchback (2014 —-) 42 8846 3242
Juke hatchback (2014 —-) 43 11797 3063

Automotive Industry Digest

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