There was only a marginal dip in the second quarter of 2018.
Britain's used car market continues to do well as new car sales struggle. In the second quarter of 2018, used car sales only dipped by 0.4 percent, with 2,093,429 vehicles changing hands, just 8,725 less compared with Q2 2017 according to new figures released today by the Society of Motor Manufacturers and Traders (SMMT).
The most popular used cars remain superminis, accounting for a third of the market (32.6 percent) despite a decline of 2.6 percent. They were followed by small and medium-sized family cars, while SUVs and executive models experienced the biggest growth with demand increasing by 10.7 percent and 3.9 percent respectively.
Despite a dip in confidence for them, diesel cars’ popularity grew by 3.2 percent, with 868,573 used ones being sold, while petrol sales fell by 3.3 percent. Demand for hybrid, plug-in hybrid, and fully electric cars grew by more than a quarter. 26,832 electrified cars changed hands – 5,417 more than last year.
In terms of colours, black remained the most popular colour for used cars for the second consecutive quarter, with silver and blue taking second and third places. Demand for white cars grew by 9.8 percent, with orange unusually close behind with 9.1 percent growth in demand. Green and maroon however lost favour, falling by 14.6 percent and 9.6 percent respectively.
"It’s great to see the used car sector remain in robust health as motorists take advantage of the exciting high-tech models filtering down from the new sector – including some of the latest low emission diesel and alternatively fuelled vehicles," said Mike Hawes, SMMT Chief Executive. "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."