April 2021 is pandemic’s record used car month fuelled by strong hybrid and petrol sales reports INDICATA
- Volvo XC40 fastest-selling used car in April
- EV demand weakest of all fuel types
Glyn Hopkin has renewed its INDICATA used car insights platform subscription for another year following the positive role it has played in helping the dealer group grow its used car business over the past 18 months.
St Leonards Motor (SLM) Group operates nine franchised dealer and two used car sites in East Sussex, Kent, Norfolk, Suffolk, and West Sussex. It rolled out INDICATA nearly a year ago to maximise stock turn and overall efficiencies in its group used car operation. It has nearly 600 used cars in group stock at any time and introducing INDICATA coincided with a more digital online approach to selling used cars.
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.