Some of the most popular vehicles on the market are taking just two weeks to sell from forecourts as drivers try and get their hands on the latest models.
New research has found that the Kia XCeed is the UK’s fastest-selling vehicle, with the average model flying off retailers’ forecourts in just 14 days.
The petrol-powered SUV has a top speed of 129mph, accelerates from zero to 60 in 8.7 seconds and has been described as an ideal vehicle for families.
Based on prices from Auto Trader, drivers could get their hands on an XCeed for as little as £9,198 for a 2020 model with almost 79,000 miles on the clock.
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Petrol vehicles are taking just 26 days to sell, compared to 28 days for both EVs and diesel
GETTY
Motorists who hunt around for the best price could be looking at prices between £12,000 to £15,000 for a vehicle with a comparatively low mileage.
Following in second place is the wildly popular Tesla Model 3 and electric Mercedes-Benz EQC, both of which take an average of just 14.5 days to sell.
Demand for SUVs shows no signs of slowing down as Britons prefer to have larger vehicles for their comfort, security and if they have to carry larger loads or more people.
For the last six months, electric vehicles have been the fastest-selling fuel type, although petrol cars accelerated past their EV counterparts.
The Kia XCeed was the fastest-selling used vehicle
KIA
On average, petrol vehicles are taking just 26 days to sell, compared to 28 days for both electric vehicles and diesel cars. Low emission vehicles made up the majority of the current top 10 fastest-selling vehicles.
Richard Walker, director of data and insight at Auto Trader, said: “Demand amongst consumers continues to remain strong at the start of 2024 with used cars flying off forecourts just as quickly as last year.
“With many of the fastest-selling used cars less than 12 months old, we’re seeing plenty of appetite for the used versions of the latest models.
“Although supply in this age cohort is up around 30 per cent year-on-year, it remains below the very strong levels of demand, and as a result, offers a real profit opportunity. It highlights just how important it is to keep a close eye on the latest data to remain ahead of the curve.”
Fastest-selling used cars
1. Kia XCeed (petrol) – 14 days
2. Tesla Model 3 (EV) – 14.5 days
3. Mercedes-Benz EQC (EV) – 14.5 days
4. Mercedes-Benz CLA Class (petrol hybrid) – 15 days
5. Ford Puma (petrol hybrid) – 15 days
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The Vauxhall Crossland was the slowest-selling used car
VAUXHALL
Scottish drivers were the most keen to buy a new vehicle, with retailers selling stock in just 24 days, compared to the slowest region of London at 31 days.
Slowest-selling used cars
1. Vauxhall Crossland (petrol) – 75 days
2. Land Rover Range Rover (diesel) – 72.5 days
3. Mazda CX-30 (petrol) – 70 days
4. BMW X5 (diesel hybrid) – 67.5 days
5. Land Rover Range Rover Sport (diesel) – 66 days