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The UK’s used automobile market rose by 4.1% through the second quarter of the 12 months, with 1,832,267 models altering fingers, in line with the most recent figures revealed at this time by the Society of Motor Producers and Merchants (SMMT)
The UK’s used automobile market rose by 4.1% through the second quarter of the 12 months, with 1,832,267 models altering fingers, in line with the most recent figures revealed at this time 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 progress within the new automobile market and bettering availability.1 The easing of provide chain disruptions has pushed gross sales progress in each month thus far this 12 months and, though the Q2 market stays -9.9% under 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 models, representing 1.7% of the market – a brand new report – up from 1.0% final 12 months. Double-digit progress additionally continued for plug-in hybrids (PHEVs) and hybrids (HEVs), up 11.4% to 18,437 models and 29.5% to 53,634 models respectively. The rising proportion of electrified autos meant that market share for conventionally powered automobiles marginally fell to 94.3% from 95.7% final 12 months, regardless that volumes of petrol and diesel automobiles noticed progress of two.5% and a pair of.8% respectively. 3
Superminis remained the best-selling used automobile sort, making up 31.5% of transactions and rising by 4.4% to 576,980 models. 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 preferred color selection 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 Government, stated,
It’s nice to see a recharged new automobile sector supporting demand for used automobiles and, specifically, serving to extra individuals to get behind the wheel of an electrical automobile. Assembly the undoubted urge for food for pre-owned EVs will rely on sustaining a buoyant new automobile market and on the availability of accessible, dependable charging infrastructure powered by inexpensive, inexperienced vitality. This, in flip, will permit extra individuals to drive zero at a value level suited to them, serving to speed up supply of our environmental targets.
1 Used automobile transactions, Q2 2022: 1,759,684 models
2 Used automobile transactions, Q2 2019: 2,034,236 models
3 Inside combustion engine transactions, Q2 2022: 1,684,134 models
SOURCE: SMMT
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