The number of used cars for sale in the UK aged between three and four years old hit a record low in early August, according to Indicata.
The analysis company said that just 23% of the UK’s used car stock currently fell into this age bracket, which it said showed the continuing effects of restricted new car supplies and delayed fleet replacement cycles following the Covid-19 pandemic.
In contrast, Indicata said the level of sub-two-year-old used stock has increased to a record high of 31%.
Indicata UK head of sales Dean Merritt said: “Our used vehicle data shows just how long it has taken to flush the impact of Covid through our used marketplace.
“Typically, 36-48-month-old used cars are at the sweet spot of both wholesale and consumer demand from an age, mileage and price perspective and currently demand is exceeding supply.”
