Skip to content

Carwow anticipates high demand for used cars in early 2025

Strong Demand Expected for Used Vehicles in Early 2025: Carwow Forecast

The used car market is booming, and Carwow’s forecast for the first quarter of 2025 is looking strong. With a 49% increase in used car enquiries in the last quarter of 2024 compared to the previous year, it’s clear that consumers are showing a sustained demand for pre-owned vehicles.

What’s interesting is that this surge in used car interest is not happening in isolation. Carwow also reported a 12% rise in new car configurations and a 14% growth in overall visits to their platform during the “Twixmas” period between Christmas and New Year. This indicates that consumers are actively engaged in car transactions, whether it’s for new or used vehicles.

A survey conducted by Carwow revealed that 30% of car buyers are now more inclined to purchase used cars rather than new ones. This shift in consumer behavior is significant and could have long-term implications for the automotive industry.

Despite a predicted increase in new car registration volumes, challenges in the new car market are expected to persist. This is partly due to OEMs’ efforts to stimulate demand for electric vehicles. As a result, Carwow is advising its dealer partners to replenish their stock and effectively advertise to capitalize on the heightened car-changing activity.

The growth in used car enquiries aligns with a broader trend of increasing visitor numbers on Carwow’s platform. With a 23% year-on-year rise in 2024, Carwow is positioning itself as the go-to destination for car-changing consumers to research, sell, and find their next vehicle.

In addition to their strong performance in the used car market, Carwow made strategic acquisitions in 2024 to enhance their presence in the online car marketplace. By acquiring Gridserve Car Leasing and Autovia, Carwow is expanding its offerings and solidifying its position as a leader in the automotive industry.

Overall, the outlook for the used car market in early 2025 looks promising, and Carwow is at the forefront of this trend. With a growing demand for pre-owned vehicles and a strong presence in the online car marketplace, Carwow is well-positioned to meet the needs of car buyers and sellers alike.