Surge in used supercars like Ferraris and Lamborghinis for sale

• Auto Trader says there are 42% more ‘supercars’ listed for sale than a year ago
• These are cars listed at prices over £150k and includes Ferraris and Rolls-Royces

The number of second-hand ‘supercars’ being advertised for sale in Britain has rocketed 42 per cent in the past 12 months indicating wealthy owners are starting to feel the pinch and want to offload their high-end motors.

Last month, 3,194 vehicles were listed on Auto Trader with asking prices in excess of £150,000. That compares to just 2,252 in April last year.

This includes models from some of the most admired luxury brands, including Ferrari, Lamborghini and Rolls-Royce.

With more £150,000-plus models on the market meaning stiffer competition, owners are also facing difficulties offloading them because the volume of searches for these motors has fallen by 4 per cent in the last 12 months, the online car marketplace said.

Auto Trader’s data shows that these cars are now taking 80 days – more than two-and-a-half months – to sell on average.

This is 24 days – or just over three weeks – longer than compared to April 2022.

The figures reveal that Ferraris, Lamborghinis, Porsches, Land Rovers and Bentleys account for the lion’s share of the extra £150,000-plus vehicles for sale, with McLarens the only make to show a drop in listings compared to last year.

Ferraris account for one in five of all the ‘supercars’ for sale on the marketplace with 627 cars for sale, followed by 462 Lamborghinis and 460 Porsches. 

Lamborghini’s Urus SUV model meanwhile remains the most popular supercar with would-be buyers, accounting for 11 per cent of all enquiries to retailers alone.

This reflects the Italian supercar giant’s new car sales records.

Of the 9,233 cars Lamborghini sold in 2022, 5,367 were its super-SUV Urus model – accounting for almost three in five (58 per cent) of its annual global deliveries. 

This ‘supercar sales glut’ at the top end of the market comes against the backdrop of a generally robust used vehicle sector.

Auto Trader’s Retail Prices Index, which is based on 900,000 vehicles listed for sale daily, has seen the average price of a second-hand motor increase to £17,946, up 3.6 per cent on 12 months ago.

Richard Walker, Auto Trader’s data and insights director, said: ‘The wider used car market remains robust, but judging by the big jump in £150,000-plus cars for sale in the past 12 months the same can’t be said for the very top of the market.

‘The figures signal that some wealthier drivers are feeling the pinch and are now more willing to part company with their supercars.’