Britain's Used Car Market Flourishes In 2016
Key used car sales figures, best selling models, best selling colours plus the state of the motor industry revealed.
Quarter 3 used car sales figures
Motorists purchased more than 2.1 million used cars between July and September 2016 which was a record for any third quarter in Britain, The Society of Motor Manufacturers & Traders confirmed. 2,148,050 swapped hands which was 7.9% more than 2015 (Q3). 1 to 3 year old cars were most sought after followed by those age 7 to 10.
Second-hand sales rose for cars of all fuel types. Diesel sales increased from 754,677 to 836,304 (+10.8%) and petrol from 1,220,415 to 1,290,203 (+5.7%). Sales for models with alternative power sources such as electric rose from 16,059 to 21,543 (+31.1%).
Best selling body types, models and colours
The Society of Motor Manufacturers & Traders confirmed that the best selling body type was supermini (33.8%). It was followed by family hatchback (27.4%) and saloon (13.4%). The Ford Fiesta – a supermini – was the best selling model. See below for full details.
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The table below reveals the most popular colours.
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Year to date used sales
The Society confirmed that year to date used car sales increased too. Between January and September 2016 (inclusive), 6,329,092 swapped hands compared to 5,867,375 in the same period of 2015 (+7.9%). Alternatively fuelled vehicle sales rose from 44,779 to 59,381 (+32.6%), diesel sales increased from 2,213,958 to 2,465,227 (+11.3%) and petrol sales rose from 3,608,638 to 3,804,484 (+5.4%).
Customers never had so much choice
Society Chief Executive, Mike Hawes, said: "Sustained growth in the used car sector is great news for consumers who have never enjoyed so much choice – whether in brand, body style or fuel type - and the range of finance on offer makes them more affordable than ever."
He added: "It's particularly promising to see the growing demand for electric vehicles filter into the used car market, but to encourage greater take-up a more widespread commitment to charging infrastructure is needed."
About UK motor industry
The Society of Motor Manufacturers & Traders emphasised the importance of the motor industry to the UK. It directly employs 169,000 people via manufacturing and 814,000 elsewhere. It accounts for 12% of exports, invests £2.5 billion a year in research and development, and 30+ manufacturers produce in excess of 70 models.