Used diesel market buoyancy despite the new car sales crisis

The sales of diesel cars have grown in the used market, from 4.2% in the third quarter compared with the same period last year, despite an almost 30% slump in the diesel sales in the new car market last month.

The figures, published by the Society of Motor Manufacturers and Traders (SMMT) show that a decline of 2.1% in the last quarter of the entire market, is disproved by the buoyancy of the second-hand-diesel-sales.

SMMT chief executive Mike Hawes highlighted, the offerings in the used car segment, but made it clear that, although this market is reminiscent of the new market, it is often react slower. “As the demand in the new car cools down market, used car sales generally follow, unless there are significant tax changes, the new car market. The renewal of the fleet is the fastest way to improve the air quality, however, so we must make the economic and political security for the boost buyer confidence and keep moving both markets.”

In the used market, sales closely mirror that of the new market. The Ford Fiesta led the pack with 97,879 purchases in the third quarter, followed by the Ford Focus and Vauxhall Corsa. In spite of the Mercedes-Benz C-class, the prevalence is in the new car top 10, the BMW 3-series was the most sought after premium model on the used market in the third quarter. The South-East continues to be the largest region for used cars, followed by the North West and West Midlands. London comes in seventh place.

Sale of used electric and hybrid vehicles is increasing, and with 17% year-on-year increase in the third quarter. Especially electric cars, sales of the goods to 66.4%.

Over the year to date, the market recorded a slight increase of 0.1%, with 6.3 million buyers go for used cars between January and October.

In the month of October a total of new passenger car registrations fell by 12% to 158,192 units. Sale of new hybri DS and electric cars, however, increased from 36.9% in this period.

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