EVs drive surge in used car sales

SMMT: Used battery electric vehicles record highest ever market share

Mark Moran
08 August 2024

 

The UK’s used car market has grown for the sixth consecutive quarter, rising 7.2% in Q2,1 according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). The increase saw an additional 131,128 sales compared with the same period in 2023, as sustained growth in the new car market fuelled choice and availability in the used sector.

Transactions have risen in every month of the year, with the first six months up 6.8% to 3,931,318 units – marking the...

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