The UK’s used car market shrank by -18.8% during the second quarter of 2022, with 1,759,684 transactions taking place, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).
Some 407,820 fewer vehicles changed hands compared with the same period last year, although the scale of this decline was artificially inflated by comparison with 2021 when the easing of Covid restrictions saw the busiest second quarter since records began. By...
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