Month-on-month average stock volumes increased marginally from 45.6 to 46.2 units, with the rise mostly driven by car supermarkets where average stock levels increased by 14 vehicles to 322, marking a recovery after February’s 13% drop.
However, supermarkets, despite increased stock and price drops, saw cars average 3.1 days longer in stock than in February at 32 days.
“However, the challenge for the market over the coming weeks and months will be the impact of the cost of living squeeze and international events on consumer confidence.