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The UK’s used automotive market rose by 4.1% through the second quarter of the 12 months, with 1,832,267 items altering palms, in accordance with the most recent figures printed right now 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 12 months, with 1,832,267 items altering palms, in accordance with the most recent figures printed right now 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 bettering availability.1 The easing of provide chain disruptions has pushed gross sales development in each month to this point this 12 months and, though the Q2 market stays -9.9% beneath 2019 ranges, its restoration continues apace.2
Used battery electrical automobile (BEVs) gross sales continued to soar within the second quarter, rising by 81.8% to 30,645 items, representing 1.7% of the market – a brand new file – up from 1.0% final 12 months. Double-digit development additionally continued for plug-in hybrids (PHEVs) and hybrids (HEVs), up 11.4% to 18,437 items and 29.5% to 53,634 items respectively. The rising proportion of electrified automobiles meant that market share for conventionally powered automobiles marginally fell to 94.3% from 95.7% final 12 months, although volumes of petrol and diesel automobiles noticed development of two.5% and a pair of.8% respectively. 3
Superminis remained the best-selling used automobile kind, making up 31.5% of transactions and rising by 4.4% to 576,980 items. This was adopted by decrease medium, accounting for 26.5% of the market, whereas twin goal automobiles 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 a couple of 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 Govt, mentioned,
It’s nice to see a recharged new automotive sector supporting demand for used automobiles and, particularly, serving to extra folks to get behind the wheel of an electrical automobile. 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 objectives.
1 Used automotive transactions, Q2 2022: 1,759,684 items
2 Used automotive transactions, Q2 2019: 2,034,236 items
3 Inside combustion engine transactions, Q2 2022: 1,684,134 items
SOURCE: SMMT
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