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The used car market is growing again – and sales have topped two million
['James Batchelor']
Car Dealer Magazine
The used car market returned to growth in Q2 after stalling earlier this year, new figures show.
It marks an improvement on Q1, which saw sales slip 0.2%, bringing an end to 12 consecutive months of growth.
With the first and second quarters combined, used car sales stand at 4,025,550 – up 0/2% year on year.
Black was the favourite colour for used cars in Q2, notching up 423,238 sales, followed by grey (377,108) and white (334,190).
‘As the used market is where most people buy their cars, plentiful and affordable supply is vital, however, increasingly unrealistic targets in the new car market risk constraining that supply and pushing up costs.