Quantcast
Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

USED CAR SALES FALL APRIL - JUNE 2009

Thu, 27 Aug 2009

 


Used car sales fell by 6.6 per cent during April to June
this year, according to the latest statistics from Experian®, the
global information services company.


 


Compared to the same period last year, this was the greatest
decline in used car sales volumes seen by the industry this decade.  In
comparison to January to March this year, used car sales fell by 1.1 per cent –
representing the first decline from Q1 to Q2 since the beginning of the decade.


 


The biggest casualty in Q2 was the used mini segment (down
12.4 per cent year-on-year).  With the scrappage scheme attracting car buyers
to small cars in the new car sector, it has been at the cost of small car sales
in the used car sector.


 


A key highlight during Q2 was the leap in sales in the used
sports segment (up 6.0 per cent on Q2 2008 and up 19.5 per cent compared to Q1
2009), prompted by the prospect of a hot summer.


 


Mark Nuttall, General Manager of Experian’s Automotive
business, said: “Although used car sales fell in Q2, used car values have been
at their strongest and are likely to remain buoyant over the next couple of
years[1][1]. 
This should help offset some of the decline in volumes.  This has been
confirmed by dealer feedback that strong used car values have helped profits
either increase or remain stable, despite the fall in sales.


 


“The fortunes of the new and used car sectors are very much
linked and the scrappage scheme has had an impact on the industry as a whole. 
Although focus on small cars shifted from used to new, the scrappage scheme has
helped increase footfall and enquiries to all dealerships.” 


 


Segment


Sales of used MPVs were up 7.6 per cent on Q2 2008, although
there was a slight (2.8 per cent) decline on Q1 2009 volumes. The biggest
increases compared with Q1 2009 were at the higher end of the market, with the
specialist sports segment up 19.5 per cent and the luxury segment up 7.0 per
cent.


 


Fuel


Q2 2008 to Q2 2009 saw the biggest increase in used diesel
car sales since 2005.  Although hybrid and electric cars continued to see sales
rise, the increases were not as significant as in previous years.


 


Make


While the biggest decline in sales continued to be from
Rover cars, sales of Nissans (down 11.0 per cent) and Renaults (down 10.2
percent) were also hit hard. Sales of used BMWs and Volkswagens, which had
remained strong during Q2 in previous years, saw sales fall for the first time.


 


In comparison to Q1 this year, sales of used Mercedes-Benz
and BMW were the only ones to perform strongly (up 3.7 per cent and 3.2 per
cent).


 














































































Segment



Q2 2009



% change from Q2 2008



% change from Q1 2009



SUV/4x4



109787



-3.8



-2.3



Executive



82547



-6.6



2.7



Lower Medium



502460



-7.1



-2.6



Luxury



12073



-3.1



7.0



MPV



93258



7.6



-2.8



Mini



27075



-12.4



6.2



Specialist Sports



74479



6.0



19.5



Supermini



523069



-6.5



-2.2



Upper Medium



338711



-6.1



-2.6



Unspecified



30095



-45.8



11.4



Total



1793554



-6.6



-1.1



Source: Experian’s MarketView Online and
the DVLA


 






































































































Make



Q2 2009



% change from Q2 2008



% change from Q1 2009



BMW



80672



-1.4



3.2



CITROEN



66954



-5.3



-1.9



FIAT



58574



-9.3



-2.4



FORD



270497



-8.1



-4.0



HONDA



49955



-7.7



-4.2



MERCEDES-BENZ



52063



-5.4



3.7



NISSAN



64164



-11.0



-8.5



PEUGEOT



136211



-7.6



-1.7



RENAULT



118478



-10.2



-3.7



ROVER



51106



-39.7



-4.5



TOYOTA



63834



-9.9



-3.5



VAUXHALL



246972



-4.4



-2.0



VOLKSWAGEN



125501



-4.3



-1.7



~Others



408573



1.5



4.2



Total



1793554



-6.6



-1.1



Source: Experian’s MarketView Online and
the DVLA


 
















































Fuel type



Q2 2009



% change from Q2 2008



% change from Q1 2009



Diesel



479540



4.7



-1.5



Petrol



1307627



-10.2



-1.1



Electric



495



52.3



43.5



Hybrid



2374



30.9



36.8



Unspecified



3518



-6.3



9.4



Total



1793554



-6.6



-1.1



Source: Experian’s MarketView Online and
the DVLA


 










































Age



Q2 2009



% change from Q2 2008



% change from Q1 2009



0 to 3



365247



-12.8



-12.4



3 to 6



402327



-10.9



-2.1



6 to 9



388158



-3.2



2.6



9 plus



637822



-1.6



5.0



Total



1793554



-6.6



-1.1



Source: Experian’s MarketView Online and
the DVLA


 


 


For more information, visit Experianplc.com

Comments

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £9,304.93

Total cost of credit £1,804.93

£155.08

60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.