Motor Trade Insurance

Drop In Used Car Sales In Q2

August 21, 2019 by Logan Biggs

There is more disappointing news for the motor trade industry, in particular for motor traders, with the announcement by the Society of Motor Manufacturers and Traders (SMMT) that there was a reduction in the number of used cars sold here in the UK when comparing the second quarter of 2019 with the same period last year.

In Q2 of 2019 there were 2,034,236 second hand cars sold whereas in the second quarter of 2018 there were 2,093,429. That is a drop of 2.8%. That is a fall of almost 60,000 vehicles.

On a year to date basis to 2019 there were 4,054,380 used cars sold whereas on a year to date basis to 2018 there were 4,125,090. That is a reduction of 1.7%. That is a fall of over 70,000 cars.

In the second quarter of 2019 the top selling used cars were: –

  1. Ford Fiesta                             88,446
  2. Vauxhall Corsa                       75,819
  3. Ford Focus                             74,717
  4. Volkswagen Golf                   67,540
  5. Vauxhall Astra                        62,402

The most popular colours of used cars sold in the second quarter of 2019 were: –    

  1. Black                                       429,534
  2. Silver/Aluminium                    384,479
  3. Blue                                         351,627
  4. Grey                                        287,254
  5. White                                      253,488

In the second quarter of 2019, the number of used petrol fuelled cars sold fell by 3.7% and the number of used diesel fuelled cars dropped by 2.5%. The number of AFV second hand car sales rose by 24.8%.

Motor traders really could do with some positive news as the figures for the number of new cars have not been good. It is to be hoped that the used car market picks up in the coming months here in the UK. It would be interesting to find out if there have been many job losses within the second hand motor trade. We will of course keep our readers up to date with relevant data from within the motor trade industry.

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