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Used car market electrifying as EV sales soar, says SMMT

09 August 2023

 

The UK’s used car market rose by 4.1% during the second quarter of the year, with 1,832,267 units changing hands, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT).

Sales of used battery electric vehicles (BEVs) rose by 81.8% in second quarter of 2023, achieving a record 1.7% market share.

The increase equates to an additional 72,583 transactions compared with the same period in 2022, reflecting sustained growth in the new car market and...

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