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Second-highest UK used car market in 2017Back

The UK’s used car market closed 2017 with the second highest number of transactions, down just -1.1% from the all-time record set in 2016, official figures released earlier this week by the Society of Motor Manufacturers and Traders (SMMT) showed.

A 5.1% decline in the fourth quarter means that 8.1 million models changed hands last year.

According to the SMMT, smaller cars continued to be the most popular used buy, with superminis representing a third (33.5%) of all transactions, while demand for minis grew 4.3%. SUVs saw the largest growth at 9.5%, while apart from executive cars, up by a marginal 0.02%, all other segments experienced declines.

In 2017, buyers continued to take advantage of the latest alternatively fuelled vehicles (AFVs), now increasingly available in the used market. Growth was driven by demand for petrol-electric hybrid cars, up 22.2% to 73,864, and zero-emission electric vehicles, which rose 77.1%, with 10,199 changing hands in the year.

Despite a -4.3% decline, petrol remained the most popular fuel type with a 58.0% market share, while used diesel car transactions rose 3.3%, with more than 3.3 million motorists (40.8% of buyers) purchasing one.

Silver remained the nation’s favourite used car colour, despite sales falling -6.5%, while black and blue took second and third places. White, at number five, experienced the largest increase (+10.7%) of any top 10 colour, while green experienced the greatest decline in demand as -16.9% fewer buyers chose the colour.

The best-selling used model remained the Ford Fiesta, closely followed by the Ford Focus and Vauxhall Corsa.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Image source: SMMT

Posted by Sue Robinson on 16/02/2018