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Used car volumes up 5.9% in Q2

The used car sector put in a strong performance despite a sharp activity in June, latest figures from cap hpi show.

Row of cars

First half used car figures show 2016 is 9.4% ahead of 2015, reports cap hpi

Volumes rose by 5.9% in the second quarter of 2016 against the same period last year, reaching a total of 2,008,439 vehicles. However, figures for June 2016 show used volumes of 632,449, a rise of just 0.5% on the previous year.

Philip Nothard, consumer and retail specialist at cap hpi, said: “Despite large volumes of used vehicles available the market has remained steady through 2016, with the market following seasonal trends.

“And while June saw a sharp decline in activity, it should be noted that total volumes in the month exceeded those of June 2015. Additionally, 2016 remains 9.4% ahead of 2015 over the first half of the year, which is significant against a 2015 figure, only 0.54% ahead of 2014 at the same point.”

Cap hpi added that Black Book live reported an average decline of 1.6% in July, in line with usual seasonal trends.

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.