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SMMT reports drop in used car sales

Date: 14 August 2019   |   Author: Sean Keywood

The number of used cars sold in the second quarter of 2019 was down by 2.8% year-on-year, according to data from the Society of Motor Manufacturers and Traders (SMMT).

It says that used car sales in fact fell in every month during the first half of the year, expect for March, when they rose by 1.9%. 

In terms of fuel mix, used petrol car sales were down by 3.7%, while diesel car sales fell by 2.5%.

There was greatly increased demand for alternatively-fuelled vehicles, sales of which rose by 24.8%, however these still made up less than 2% of the overall market. 

SMMT chief executive Mike Hawes said: "With the country still gripped by economic and political uncertainty it's perhaps unsurprising to see the used car market slowing down. 

"This means owners are often holding on to their cars for longer, delaying the widespread introduction of the latest, cleanest models which is not good for air quality. 

"We need a boost to consumer confidence, something that a Brexit deal would deliver, to improve the fortunes of the industry and the wider economy."