utilized vehicle sales in the UK fell by 14.9 per cent in 2020 as a result of coronavirus lockdowns closing showrooms as well as denting consumer confidence. A overall of 6,752,959 utilized vehicles altered hands, down from 7,935,105 in 2019, the worst year for the market considering that 2012.
The utilized vehicle market wasn’t in poor shape for the whole year – October saw a 3.7 per cent increase in sales as well as this was the fourth consecutive month of growth, according to figures from the society of motor makers as well as Traders (SMMT). It was complied with by year-on-year declines of 18.3 per cent as well as 4.2 per cent in November as well as December, though, as new lockdown limitations came into force.
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Alternatively fuelled automobiles handled to buck the downward trend, with sales boosting 5.2 per cent to 144,225 in 2020, providing them a market share of 2.1 per cent. utilized electric vehicles saw a 29.7 per cent increase in popularity, however still only accounted for 0.3 per cent of the market. demand for traditional hybrids increased 4.7 per cent, however sales of utilized plug-in hybrids fell by five per cent.
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As for petrol as well as diesel cars, utilized sales of these were down 15.2 per cent as well as 15.5 per cent respectively. the most prominent utilized vehicle colour was black, complied with by silver as well as blue. Grey – the most prominent new vehicle colour in 2020 – only came fourth on the utilized market.
Mike Hawes, chief executive of the SMMT, commented: “These figures are yet a lot more evidence of the considerable damage coronavirus has triggered the automotive sector. Market growth at the begin of the year was welcome, however swiftly stifled by the very first lockdown as showrooms closed across the country – a photo that was repeated with the subsequent lockdowns in November and, indeed, into 2021.
“The concern now need to be to enable vehicle showrooms to re-open as soon as limitations are eased. This will not only assist the utilized market recuperate – supporting tasks as well as livelihoods, as well as supplying individuals with the personal mobility they requirement each time when support is against utilizing public or shared transfer – however it will likewise allow the current as well as cleanest automobiles to filter with to second owners as well as keep society moving.”
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