What is going on with the UK’s used car market?

Whilst most areas of the economy are suffering, the used car market is buoyant

The second quarter sales of used cars in the UK is down 48.9% – almost half compared to last year with only 1m cars sold – this is according to SMMT (Society of Motor Manufacturers and Traders). Having said that the overall decline for the year is 28.7% – that’s 2.9m sold compared to about 4m by this time last year.

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Car sales in the UK plummet 97.3% in April

Coronavirus killed car sales, but could there be a bounce-back?

New car sales in the UK crashed a staggering 97.3 in the month of April as a result of the COVID-19 coronavirus lockdown. Only 4321 cars were sold, compared to 156,743 in April 2019. The only time fewer cars were sold in a single month was during World War II.

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