The used automobile market grew by 4.3% between July and September, marking the seventh successive quarter of YoY development, based on the SMMT. Round 1,965,811 autos modified arms, with 81,651 extra transactions in contrast with the identical interval in 2023.
A file 53,423 used BEVs have been bought, a rise of 57.0%, reflecting the largest-ever market share at 2.7%, up from 1.8% in the identical interval final 12 months. Gross sales of plug-in hybrids and hybrids additionally rose, up 29.0% and 35.8% respectively.
“Maintaining this depends on a healthy new car market, particularly for EVs.”
In the meantime, 1,123,387 petrol (up 5.7%) and 679,797 diesel autos (down -3.9%) have been bought, collectively accounting for 91.7% of the market.
Hawes stated: “Giving shoppers the arrogance to change from their acquainted petrol or diesel autos requires confidence and incentives in any other case many would-be new automobile patrons will sit on their arms, resulting in a diminishing market that may inevitably restrict used automobile availability and affordability.
“This will be to the cost of motorists, the economy and the environment – making a review of support for the transition and the regulation intended to deliver it, an urgent priority.”
From January to September, transactions have risen each month. The used automobile market is up 6.0% on the identical interval in 2023, with 5,897,129 models bought within the first 9 months.
