Used car sales in the UK grew by 5.7% in October aided by a 7.4% month-on-month growth in stock levels according to the latest INDICATA market insights report.
The UK used car market grew 6.3% year-on-year in September fuelled by a 5% rise in dealer stock according to the latest insights report from INDICATA.
The UK used market showed its first signs of cooling off in August according to the latest INDICATA used car report as consumer sales volumes fell by 3.3% year-on year.
Used car buyers buying six to 12-year old cars contributed to a 3.7% rise in sales in June 2020 compared with June 2019 according to the latest INDICATA used car insights report.
Used car pricing in the UK was the strongest in Europe in July according to INDICATA’s latest Market Watch insights report.
The UK used car industry is still mainly closed for business with prices down by just 0.1% over the past few weeks, but a new INDICATA Market Watch report just published shows green shoots of recovery for European countries coming out of lockdown following from the impact of Covid-19.
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