Used car sales drop as people keep their cars for longer

Published 14 August 2019

The number of second-hand cars sold in the second quarter of 2019 dropped by more than 59,000 compared to the same period in 2018, with 'economic and political uncertainty' blamed.

The data, released today by the Society of Motor Manufacturers and Traders (SMMT), reveals that the used car market fell by 2.8 per cent, with 2,034,236 second-hand vehicles changing hands between April and June.

>> Top 25: Used buys for £10,000 in 2019

"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," said SMMT chief executive, Mike Hawes.

"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.”

Although the number of used cars sold has dropped, the second-hand market still looks healthier than the new car sector. Registrations of new vehicles fell by more than four per cent in June, with diesels being hit the hardest with a decline of 22 per cent.

While demand for second-hand hybrid and electric cars has grown, petrols and diesels still account for more than 98 per cent of all used cars.

The data, sourced from the DVLA, shows that small hatchbacks are most popular with used car buyers, with more than 665,000 being sold in the last quarter. The Ford Fiesta and Vauxhall Corsa top the charts of most popular second-hand buys.

Black cars accounted for 429,534 transactions, followed by silver (384,479) and blue (351,627).

Comments

gavsmit    on 15 August 2019

The only reason I've held onto my latest car is the extortionate price of all new cars now - the level of huge car price inflation over recent years has been ridiculous!

Anyone for a new basic-trim Peugeot 208 supermini with a weedy 75PS for £16,250? No thanks!

   on 16 August 2019

So glad to see that Mike Hayes understands that it's ordinary car drivers who are at fault for poor air quality. That's why there is only 18 months waiting list for new medium-sized electric cars and they cost > £35k. "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," said SMMT chief executive, Mike Hawes.

paul robert watson    on 20 August 2019

If there are 35million cars and trucks in UK and they produce less
polution than one container ship burning some sort of black mess.If we
get rid of half a dozen of these we can offset the rest of the cars in the
world,when is it going to happen,they could put some computer
controlled sails on these ships.As for Cows producing methane,in
the 1860's there were millions of Buffaloes in America,were they all
fitted with corks before they were shot and piled up in to mountains
of death to stop the Red Indians eating them all.

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