You are here: / used car sales

Posts

NFDA: ‘Strong demand in used car market’

The UK’s used car market fell -4.3 per cent in the final quarter of 2022, with 1,571,295 transactions. The twelve months of the year saw transactions down -8.5 per cent. “Whilst 2022 experienced a decline in used car sales this was as a result of a particularly strong 2021. Franchised dealers continue to see strong demand in the used car segment, driven by a combination of consumer demand and a lack of supply of new vehicles”, said Sue Robinson, chief executive of the National Franchised Dealers Association (NFDA), commenting on the latest SMMT’s used car figures.

Read more

Related news:

  1. UK Q2 used car sales fall sharply from “artificially inflated” 2021 figures
  2. ‘Robust’ demand for used vehicles set to continue
  3. High levels of satisfaction in aftersales, NFDA Consumer Attitude Survey reveals
  4. UK LCV market finishes year down -20.0 per cent
/by

UK used car market “stable” says NAMA

,

Over the last four weeks of trading the retail market has reported fall in demand from consumers, in comparison to the previous four, which is expected from retailers. The well documented issues relating to supply, driving the value of used car values up, has maintained this level and appears to be steady. Demand for diesel is still reducing, whilst petrol and BEV remain as the markets focal point.

Read more

Related news:

  1. Q1 2020 used car sales were stable before lockdown
  2. NAMA predicts ‘strong February’ for motor auction sector
  3. Conversion rates set to improve in August, predict NAMA members
  4. Used car volumes set to increase in September due to plate change
/by

UK Q2 used car sales fall sharply from “artificially inflated” 2021 figures

The Q2 figures for used car sales in the UK shows a substantial fall from the figure for 2021, according to the Society of Motor Manufacturers and traders. “The decline reflects the strength of the figures in 2021, the busiest quarter since records began. Franchised dealers continue to see strong demand in the used car segment driven by a combination of consumer demand and a lack of supply of new vehicles”, said Sue Robinson, Chief Executive of the National Franchised Dealers Association.

Read more

Related news:

  1. ‘Robust’ demand for used vehicles set to continue
  2. Steady growth in May car registrations
  3. NFDA sees light commercial registrations rise, powered by mid-large vans
  4. Slower August for UK new car market – registrations drop 6.4 per cent
/by

Kwik Fit: Pandemic has prompted car purchasing

Data released by the UK car industry throughout the pandemic has shown the negative impact of Covid-19 on sales of new and used vehicles, but new research shows the figures could have been worse. A study for Kwik Fit indicates that as 3.8 million drivers said Covid-19 caused them to put off a planned car purchase. However, this was partially offset by the fact that 3.2 million drivers were prompted by the impact of the pandemic to buy a new or used car.

Read more

Related news:

  1. Kwik Fit: Pandemic changed car buying plans for 14 million UK drivers
  2. Kwik Fit: Battery problems reaching winter levels during lockdown
  3. Vehicle SORN numbers up 9% during pandemic
  4. Service history holes reduce car value by almost a fifth, says Kwik Fit
/by

Q2 used car sales down 49 per cent YoY

SMMT

Figures released by the SMMT reveal that used car sales in Q2 2020 were 1,039,303 units; -48.9 per cent down on the same period last year (2,034,236). Year to date, the figures are slightly less depressing, with YtD clocking up 2,891.222 sales, as opposed to 4,054,380 for the first six months of 2019 – a -28.7 per cent fall.

Read more

Related news:

  1. Brexit decision at ‘inflection point’ for car market – Close Brothers Motor Finance
  2. Used car sales reach record high in Q1 2017
  3. Q1 2020 used car sales were stable before lockdown
  4. New car registrations worst since 1952
/by

Q1 2020 used car sales were stable before lockdown

The used car market in Q1 2020 saw a fall of -8.3 per cent in comparison to Q1 2019, with 1,851,919 transactions taking place. In Q1 2019, that figure was 2,020,144. However, in January and February, the market had grown by +2.9 per cent and +4.0 per cent respectively compared to their figures in 2019, showing the used car market had a strong start to the year. The COVID-19 outbreak, and subsequent halt of auction transactions however meant March sales fell -30.7 per cent, causing the quarter overall to indicate a reduction of sales.

Read more

Related news:

  1. 2016 a record year for motor auctions
  2. Used car volumes set to increase in September due to plate change
  3. Vehicle volumes set to fall as used car market enters final quarter says NAMA
  4. Used car market ends 2019 with increase in Q4
/by

IMDA works with Advertising Standards Authority to create new guide for dealers

,

A new guide for dealers has been created by the Independent Motor Dealers Association to spread best practice for the advertising of ex-daily rental and ex-fleet vehicles. The six-page document has been written with the help and support of the Advertising Standards Authority (ASA), which created consternation among dealers when the ASA upheld an appeal hearing by a consumer concerning two Alfa Romeo Giuliettas.

Read more

Related news:

  1. Car sales figures represent ‘encouraging trend’ – NFDA
  2. Michelin Man in the Running
  3. Vredestein launches Europe-wide billboard campaign
  4. Halfords Autocentres and SMMT in advertising row
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.