“As anticipated, the used car market performed strongly in Q2 2021 as the nation unlocked and motorists had an increased need for personal mobility”, 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.
NOTES TO EDITORS
Jordi Skilbeck, NFDA Press Officer
Tel: 0207 307 3423
Mob: 0734 173 1720
Press Office direct line: 020 7307 3422
Web: www.nfda-uk.co.uk Email: email@example.com
The National Franchised Dealers Association (NFDA) is the trade association representing franchised car and commercial vehicle dealers in the UK. The automotive retail sector is one of the pillars of the UK economy, it has a turnover of around £200 billion and employs 590,000 people. There are about 4,500 automotive franchised retailer outlets in the UK.