Used Automobile Market Posts Strong 2017 Figures As EV Gross Sales Surge

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The UK’s used automobile market remained in impolite well being final 12 months, with eight.1 million second-hand fashions altering palms in 2017. That represents a drop of simply 1.1 per cent on 2016 and is a marked distinction to the brand new automobile market, which was down 5.7 per cent over the identical interval.

The figures, launched by the Society of Motor Producers and Merchants (SMMT) and sourced from DVLA information, additionally present an enormous improve within the reputation of used electrical automobiles. These noticed a 77.1 per cent improve in demand, with 10,199 second-hand EVs being purchased in 2017.

• Greatest used automobiles to purchase in 2017

And whereas distributors skilled a 5.1 per cent fall in gross sales within the ultimate quarter, this wasn’t sufficient to cease 2017 being the second finest 12 months on report for used automobile gross sales, topped solely by 2016.

Along with the rising reputation of electrical automobiles, gross sales of second-hand hybrids have been up by 22.2 per cent in 2017. The marketplace for used diesels, in the meantime, truly rose by three.three per cent in 2017, an reverse development to final 12 months’s new automobile gross sales figures, which confirmed a drop in diesel demand of roughly 17 per cent.

Used SUVs additionally rode excessive in 2017 with a 9.5 per cent improve in gross sales, whereas the recognition of superminis rose by four.three per cent. The information wasn’t all good although as, other than a fractional improve (zero.02 per cent) within the second-hand government automobile market, all different used segments skilled a drop in reputation.

The South East of England noticed the best proportion of used automobiles altering palms, with 1.2 million used automobiles offered there final 12 months. Silver was the most well-liked color on the second-hand market.

Commenting on the figures, Mike Hawes, chief government of the SMMT stated: “Whereas such wholesome demand is reassuring, to maintain it that manner and speed up renewal all through the fleet – the quickest manner to enhance air high quality – authorities should now restore confidence to the brand new automobile sector.

“Given the current financial and monetary uncertainty, significantly over diesel, customers and companies want readability to encourage them to maneuver out of their older automobiles and into newer, decrease emission automobiles – no matter their gasoline kind.”

Now take a look at our 2017 Used Automotive Awards winners…

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