Latest News:

autotechnician - serving the independent workshop - logo

Used car market remains strong

By autotech-nic on May 16, 2018

More than 2 million used cars changed hands in quarter one, a -4.8% decline but still the third highest Q1 level on record, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). 2,031,661 vehicles changed hands, a -4.8% (-102,295 units) year-on-year decline compared with Q1 2017.

Demand for petrol engine cars fell -9.7%, as diesel registrations rose 2.0% and interest in alternatively fuelled vehicles grew 15.9%, with some 24,697 hybrid, plug-in hybrid and fully electric cars finding a new owner.

Zero emission electric cars had a surge in popularity, with demand rising 33.8% to 2,927 units, followed by hybrids, which rose 14.1%. Together they represented 1.2% of all used car transactions in the quarter, while petrol fuelled models took a 55.9% market share and diesel 42.8%.

Mike Hawes, SMMT Chief Executive, says, “Despite the overall decline in demand, the UK’s used car sector remains at a very high level and it’s great to see millions of consumers benefitting from some of the latest, safest and cleanest models now filtering into the market. To maintain this choice and make the fastest possible improvements to air quality, we need stability in the new car market. That means giving consumers confidence to trade in their older cars for the best new, low emission model to suit their needs – whatever the fuel type.”

SHARE THIS
ARCHIVES

Archives

About Autotechnician
Autotechnician is a magazine published nine times a year, delivering essential information to independent garage owners and technicians in the UK. Delivered both digitally and in print, autotechnician provides readers with technical, training, business advice, product and news, allowing our readers to keep up to date with information they need to run and work within a modern workshop.
About Autotechnician
Autotechnician is a magazine published nine times a year, delivering essential information to independent garage owners and technicians in the UK. Delivered both digitally and in print, autotechnician provides readers with technical, training, business advice, product and news, allowing our readers to keep up to date with information they need to run and work within a modern workshop.
©
2022
Aftermarket Media Solutions Ltd, Unit 14, The Joiners Shop, Historic Dockyard Chatham, Kent ME4 4TZ
T: 01634 816 165
Company no. 09625886
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram