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Autotrader: Updating Market

CREDIT MACRO
  • "The used car retail market has been robust throughout the financial year, which we expect to continue. Demand is resilient with cars continuing to sell faster than before the pandemic and used car supply has gradually improved.
  • Trade prices softened in the latter months of the calendar year, which subsequently impacted retail prices, but monthly pricing movements have since stabilised in line with typical seasonal trends."
  • "The new car retail market has been more challenging and discounting has started to return"

https://plc.autotrader.co.uk/media/fsqpvsp5/full-year-press-release-fy24.pdf

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