Surge in used automotive gross sales as demand for EVs soars
G
rowing demand for electrical autos (EVs) has pushed a surge in used automotive gross sales, figures present.
Some 1.83 million vehicles modified arms within the UK between April and June, the Society of Motor Manufacturers and Traders (SMMT) stated.
That represented a 4.1% enhance on the identical interval in 2022, and adopted a near-identical year-on-year progress through the earlier three months.
The SMMT stated that is partly a results of sustained progress within the new automotive market resulting in bettering availability.
Sales of used battery electrical vehicles rose by 81.8% yr on yr to take a market share of 1.7% with 31,000 transactions.
However, regardless of the general enhance in used automotive gross sales, the full remained 9.9% under pre-pandemic ranges.
SMMT chief govt Mike Hawes stated: “It’s great to see a recharged new car sector supporting demand for used cars and, in particular, helping more people to get behind the wheel of an electric vehicle.
“Meeting the undoubted appetite for pre-owned EVs will depend on sustaining a buoyant new car market and on the provision of accessible, reliable charging infrastructure powered by affordable, green energy.
“This, in turn, will allow more people to drive zero (emission cars) at a price point suited to them, helping accelerate delivery of our environmental goals.”
With wait occasions for brand new vehicles easing, extra persons are promoting their present vehicles to get their arms on one thing contemporary off the manufacturing line
Alex Buttle, co-founder of used automotive market Motorway.co.uk, stated: “Used car sales continue to be strong in 2023, with another great set of results in Q2.
“With wait times for new cars easing, more people are selling their current cars to get their hands on something fresh off the production line.
“This has naturally led to a steady supply of high-quality used cars hitting the market and, with it, some great deals for savvy motorists.”
The Ford Fiesta was the UK’s best-selling used automotive between April and June, with 75,000 transactions.
The producer ended manufacturing of the automotive at its manufacturing unit in Cologne, Germany, final month forward of the positioning being modified to make extra room for producing EVs.