Used car market in good health with more than two million sales in second quarter – Evening Express

Used car market in good health with more than two million sales in second quarter – Evening Express

 

Britain’s used car market held strong in 2018’s second quarter, with sales down by a marginal 0.4 per cent, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).

Superminis remained the most popular segment, despite a 2.6 per cent decline. They accounted for a third of the market (32.6 per cent) and were followed by small and medium-sized family cars.

SUVs and executive models experienced the biggest growth, with demand up 10.7 per cent and 3.9 per cent respectively.

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Elsewhere, trends closely followed the new car market, with black the UK’s most popular used car colour for a second consecutive quarter and silver and blue taking second and third places. Demand for white cars grew fastest, up 9.8 per cent, followed by orange, up 9.1 per cent.

Meanwhile, green and maroon lost most favour among buyers, falling 14.6 per cent and 9.6 per cent respectively.

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“However, with used sales so closely reflecting the new car market, some cooling is expected over the coming months. Given fleet renewal is the fastest way to improve air quality and reduce CO2, we need greater business and consumer confidence to keep both markets moving.”

Source: Used car market in good health with more than two million sales in second quarter – Evening Express

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