The UK’s utilized vehicle market stayed in impolite health and wellness last year, with 8.1 million second-hand designs altering hands in 2017. That represents a decrease of just 1.1 per cent on 2016 as well as is a marked contrast to the new vehicle market, which was down 5.7 per cent over the exact same period.
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The figures, released by the society of motor producers as well as Traders (SMMT) as well as sourced from DVLA records, likewise show a big boost in the popularity of utilized electric cars. These saw a 77.1 per cent boost in demand, with 10,199 second-hand EVs being purchased in 2017.
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And while vendors experienced a 5.1 per cent autumn in sales in the final quarter, this wasn’t sufficient to stop 2017 being the second finest year on record for utilized vehicle sales, topped only by 2016.
In addition to the growing popularity of electric cars, sales of second-hand hybrids were up by 22.2 per cent in 2017. the market for utilized diesels, meanwhile, really increased by 3.3 per cent in 2017, an opposite pattern to last year’s new vehicle sales figures, which showed a decrease in diesel demand of approximately 17 per cent.
Used SUVs likewise rode high in 2017 with a 9.5 per cent boost in sales, while the popularity of superminis increased by 4.3 per cent. The news wasn’t all great though as, aside from a fractional boost (0.02 per cent) in the second-hand executive vehicle market, all other utilized segments experienced a decrease in popularity.
The South east of England saw the biggest proportion of utilized vehicles altering hands, with 1.2 million utilized vehicles offered there last year. Silver was the most prominent colour on the second-hand market.
Commenting on the figures, Mike Hawes, chief executive of the SMMT said: “While such healthy demand is reassuring, to keep it that method as well as accelerate renewal throughout the fleet – the fastest method to enhance air high quality – government should now bring back confidence to the new vehicle sector.
“Given the recent economic as well as fiscal uncertainty, especially over diesel, consumers as well as companies requirement clearness to motivate them to relocation out of their older cars as well as into newer, lower discharge vehicles – whatever their fuel type.”

Now inspect out our 2017 utilized vehicle awards winners…