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The UK’s used automotive market rose by 4.1% through the second quarter of the yr, with 1,832,267 models altering fingers, based on the most recent figures printed at present by the Society of Motor Producers and Merchants (SMMT)
The UK’s used automotive market rose by 4.1% through the second quarter of the yr, with 1,832,267 models altering fingers, based on the most recent figures printed at present by the Society of Motor Producers and Merchants (SMMT). The rise equates to an extra 72,583 transactions in contrast with the identical interval in 2022, reflecting sustained development within the new automotive market and enhancing availability.1 The easing of provide chain disruptions has pushed gross sales development in each month thus far this yr and, though the Q2 market stays -9.9% under 2019 ranges, its restoration continues apace.2
Used battery electrical car (BEVs) gross sales continued to soar within the second quarter, rising by 81.8% to 30,645 models, representing 1.7% of the market – a brand new document – up from 1.0% final yr. Double-digit development additionally continued for plug-in hybrids (PHEVs) and hybrids (HEVs), up 11.4% to 18,437 models and 29.5% to 53,634 models respectively. The rising proportion of electrified autos meant that market share for conventionally powered vehicles marginally fell to 94.3% from 95.7% final yr, regardless that volumes of petrol and diesel vehicles noticed development of two.5% and a pair of.8% respectively. 3
Superminis remained the best-selling used car kind, making up 31.5% of transactions and rising by 4.4% to 576,980 models. This was adopted by decrease medium, accounting for 26.5% of the market, whereas twin objective vehicles rounded off the highest three with a 15.1% share.
Black retained its place as the most well-liked color alternative for the tenth quarter in a row, representing multiple in 5 (21.3%) transactions. It was adopted by gray and blue in second and third locations with respective 16.9% and 16.3% market shares.
Mike Hawes, SMMT Chief Government, stated,
It’s nice to see a recharged new automotive sector supporting demand for used vehicles and, specifically, serving to extra folks to get behind the wheel of an electrical car. Assembly the undoubted urge for food for pre-owned EVs will rely upon sustaining a buoyant new automotive market and on the supply of accessible, dependable charging infrastructure powered by inexpensive, inexperienced vitality. This, in flip, will enable extra folks to drive zero at a value level suited to them, serving to speed up supply of our environmental targets.
1 Used automotive transactions, Q2 2022: 1,759,684 models
2 Used automotive transactions, Q2 2019: 2,034,236 models
3 Inner combustion engine transactions, Q2 2022: 1,684,134 models
SOURCE: SMMT
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