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Used car market hits five year high as EVs reach record share

SMMT: Zero-emission car sales up 71.0% with highest ever market share at 2.1%

09 May 2024

 

The UK’s used car market rose by 6.5% in the first quarter of 2024 with 1,967,923 units finding new owners – the strongest start to a year since pre-pandemic 2019, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT).

The increase marks 16 months of successive growth, reflecting recovering supply in the new car market which is in turn improving availability and choice of second-hand motors, says the SMMT.

Used car transactions have risen...

+84% more

 

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