Tag: used cars
Used car market hits five year high as EVs reach record share
The UK’s used car market rose by 6.5% in the first quarter of 2024 with 1,967,923 units finding new owners – the strongest start to a year since pre-pandemic 2019, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). The increase marks 16 months of successive growth, reflecting…
EV used car sales soar 80%, but still less than 2% of market
The UK’s used car market rose by 4.1% during the second quarter of the year, with 1,832,267 units changing hands, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). The increase equates to an additional 72,583 transactions compared with the same period in 2022, reflecting sustained growth in the…
UK’s used car market grows, increased demand for EVs
The UK’s used car market grew 4.1% in the first quarter of 2023 following three successive quarters of decline, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). 1,847,149 transactions took place, with 72,798 additional cars changing hands compared with the same period in 2022, as growth in…
Demand for used EV surges, despite 6% drop in used car market
Demand for used battery electric (BEV) and plug-in hybrid (PHEV) vehicles continued to grow in Q3, despite an overall drop in used car sales, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Reflecting recent trends in both the new and used markets, transactions rose by 56.4% and 43.3% to…
