Motor Trade Insurance

Used Car Market Improves In Q2 2021

August 20, 2021 by mti

Motor traders will be interested to read that the second hand car market saw a big increase in sales in the second quarter of 2021 when compared with the same quarter last year. However, that is probably not a surprise when you take into account the pandemic.

In Q2 of 2021 there were 2,167,504 used cars sold in the UK according to figures produced by the Society of Motor Manufacturers and Traders (SMMT) whereas in Q2 of 2020 there were 1,099,303 used cars sold – an increase of 108.6%. Apparently, the figures for Q2 of 2021 were 6.6% higher than the same quarter in 2019.

On a year to date basis to 30 June 2021 there were 3,855,259 used cars sold compared to 2,891,222 for the same period last year – an increase of 33.3%.

The top 5 used car models sold in Q2 2021 were: –

  1. Ford Fiesta                              94,206
  2. Vauxhall Corsa                        73,366
  3. Ford Focus                              72,105
  4. Volkswagen Golf                    69,582
  5. Vauxhall Astra             56,189

The top 5 colours of used car sold in Q2 of 2021 were: –

  1. Black                           461,050
  2. Silver/Aluminium        363,529
  3. Blue                             362,140
  4. Grey                            341,950
  5. White                          303,192

The top 5 regions for the sale of used cars in Q2 2021 were: –

  1. South East                   311,225
  2. North West                 232,795
  3. West Midlands            216,035
  4. East                             207,029
  5. South West                 200,155

Apparently, there has been a lot of interest in used electric cars. That is probably not a surprise as the number of new electric cars has also been increasing.

Motor traders will no doubt be pleased with the above and hope that there continues to be a rise in the sale of used cars here in the UK in the coming months. So many areas of the motor trade industry are affected by the sale of used cars such as garages that service such vehicles, MOT testing stations, car body repair shops and car parts businesses.

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