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Independent dealers saw days to sell cut by 10 on Motors & Cazoo in January
['Rebecca Chaplin']
Car Dealer Magazine
Independent dealers saw the number of days for a used car to sell fall dramatically in January while sold prices grew, according to the latest data from Motors and Cazoo.
Days to sell for independent dealers fell by 10 days, with cars averaging 42 days on physical and digital forecourts compared to 52 in December.
Motors saw the number of used cars available on its websites grow by 14% in January, paired with record levels of consumer traffic on the Cazoo platform.
Both franchised dealers and car supermarkets saw the average sold price of a used car fall, down 1.5% to £23,113 and 1.2% to £16,919 respectively.
Stock levels dropped from 58 units in December to 54, but increased by two units year-on-year, while average days to sell rose month-on-month from 31 to 35 days.