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Used car market sees strong performance in late 2019 in UK

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Christian Fernsby ▼ | February 12, 2020
The used car market finished off the year with two quarters of growth following a nine quarter downward streak.
UK cars
Cars in the UK   UK cars
November and December showed their strongest performances since 2016, according to figures from the SMMT.

Topics: Car UK

It said that despite three straight years of decline in the used market, 2019 is still the fourth highest year on record.

Mike Hawes, SMMT Chief Executive, said: “It is encouraging to see used car sales return to growth in the latter part of 2019 after a prolonged period of decline, and we need to see a similar rebound in new car sales if we are to meet environmental targets.

“A buoyant used car market is necessary to maintain strong residual values and, clearly, it is now outperforming the new car market.