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Used car sales up 109% in second-best quarter on record

The utilised auto industry in the Uk has viewed its second-finest quarter on document. Used auto sales increased 108.6 for every cent yr-on-yr and 6.6 for every cent on pre-Covid amounts, with 2,167,504 cars changing fingers in the second quarter of 2021.

The determine is much more than 2 times as substantial as the one,039,303 utilised autos offered in Q2 2020, when the economic climate was continue to staying throttled by the results of the UK’s 1st nationwide lockdowns, but it’s also properly up on amounts prior to the coronavirus hit. The advancement was driven by a gradual emergence from the harshest lockdown limits across the Uk, with a consequent boost in demand from customers for particular mobility. New auto sales, in the meantime, were hindered by the ongoing semiconductor lack affecting provide – this led much more prospective buyers to opt for second-hand designs instead, driving up rates.

On a regular foundation April noticed the largest advancement of Q2 2021, with utilised auto sales up 307.four for every cent yr-on-yr – up 5 for every cent on the similar thirty day period in 2019. For H1 2021, even so, a 33.three for every cent yr-on-yr boost to three,855,259 models really translated to a four.9 for every cent reduction in contrast with H1 2019.

Greatest-offering utilised auto models Q2 2021

Best selling used cars Q2 2021

While demand from customers for utilised electrical and plug-in hybrid cars rose 353.9 for every cent and 349.8 for every cent respectively in Q2 2021, EVs and PHEVs continue to only make up one.three for every cent of the utilised auto industry – a greater degree of advancement will be wanted to swiftly move the UK’s auto parc toward zero emissions.

There’s also been much more demand from customers for more mature autos, with just 12.seven for every cent of all utilised autos offered in Q2 2021 staying 3-many years-aged or newer – the most affordable on document. The Ford Fiesta remains the UK’s finest-offering utilised auto, while black is the most well known auto colour.

Mike Hawes, chief executive of the SMMT, mentioned: “This is welcome information for the utilised auto industry, as transactions rebounded adhering to nationwide lockdowns which shut vendors. More motorists are turning to utilised autos as provide shortages proceed to have an impact on the new auto industry, and the increased need for particular mobility with folks remaining wary of general public transport as they return to operate.

“A buoyant utilised auto industry is essential to keep robust residual values, which in switch supports new auto transactions. We now need to see a similar rebound in new auto sales to speed up the fleet renewal essential to provide rapid and ongoing advancements in air top quality and carbon emissions.”

Have you bought a utilised auto just lately? How did conditions in the industry feel to you? Allow us know in the comments…