Used Car Popularity Continues To Grow

Wed 16th Feb 2022

The nearly-new car market saw another stellar year in 2021, with brands such as CarSupermarket leading the way as consumers continue to enjoy the very best used car deals.

Data published by the Society of Motor Manufacturers and Traders reveals that there was a 11.5 per cent increase in sales last year, but even though an impressive 7.5m cars were sold, it was still five per cent lower than the pre-pandemic five-year average.

The second quarter of 2021 was the best three-month period for sales on record with 2.1 million transactions as the British public saw their spending power return on the back of a pandemic lockdown turndown.

Ford, Vauxhall and Volkswagen remain the most popular choices, with the Fiesta proving to be the most sought after used car of the year, selling 326,436 models.

“It’s good to see the used car market return to growth, even if activity is still below where we were pre-pandemic,” said Mike Hawes, SMMT Chief Executive. “With the global shortage of semiconductors set to ease later this year, releasing the squeeze on new car supply, we expect more of the latest, cleanest and zero emission models to become available for second owners.

“The demand for personal mobility has undoubtedly increased during the pandemic, so it’s vital we have healthy new car sales to drive fleet renewal and the used car market if we are to improve air quality and address climate change.”

The EV boom was also reflected in used car sales, with the 40,288 electric vehicles sold representing a 119.1 per cent increase on 2020.