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Smaller, fuel-efficient used cars gain in popularity

By / 7 years ago / Latest News / No Comments

The company's used car statistics for the UK for the second quarter of 2010 shows that total volume during April to June were 0.7% lower than Q2 2009. The firm says this represents the smallest annual drop in sales for two years.

The fall in sales was led by the upper medium-segment (down by 5.8%), followed by the sports segment (down by 2.3%). 

The mini and supermini categories were the only segments to buck the trend, with an increase in sales of 7.7% and 2.9% respectively. 

When coupled with the announcement that both hybrid and electric-fuelled cars saw annual increases of 37.7% and 29.7%, it shows the increasing popularity of smaller, green and more fuel-efficient vehicles.

Joe Myers, director of commercial for Experian Credit Services, said: 'After hitting a ten-year low in Q4 2009, when only 145,9624 used cars were sold, each quarter has seen sales rise and this is the second consecutive quarter to see an improvement. 

'Although the year-on-year picture reveals a fall in sales, in context, it represents a relatively smaller drop. The increase in sales of cars in the mini segment and also hybrid and electric goes to show that using market intelligence to support car sales can be the key to spotting trends and really understanding the market in which you are trading.'

Year-on-year, used cars from all makes saw their sales fall. After Rover, Fiat saw the highest decline in used car sales, down 11.7%. The best-selling car by volume in Q2 2010 was the Ford Fiesta, with over 75,000 units sold.

In terms of fuel, petrol was the only fuel category to see an annual drop in used car sales, down 1.4%. 

Looking at age, cars between 0-3 years old were the only group to see both an annual and quarterly decline in sales, with 10.4% and 3.8% respectively. And according to Experian, it was the only age group to see a quarterly decline at all.

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