“As anticipated, the used car market performed strongly in Q2 2021 as the nation unlocked and motorists had an increased need for personal mobilityâ€, Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA), commenting on the latest SMMT’s used car figures.
The latest SMMT figures showed the used car market grew 108.6% in the second quarter of 2021 compared to the same period in 2020 with 2,167,504 transactions. Registrations were up by 6.6% compared to pre-pandemic levels in 2019.
All months in Q2 saw significant growth, with May 9.9% on 2019, the best performance for the month on record. BEV and phevs transactions rose by 353.9% and 349.8%, respectively.
Sue Robinson added: “The outlook for the used car sector is strong as supplies of new car vehicles remains constrained for the time being. We expect growth in the number of used plug-in vehicles coming onto market in the coming quarters.
*Article Source www.rmif.co.uk
