Used car sales hit record high in 2016

Used car sales have grown by eight per cent in the first six months of the year, with the Ford Fiesta UK's most popular new and used car buy

Car dealers

Used car sales in the UK have reached a record high level in the first half of 2016, according to new figures. 

The first six months of this year have seen over 4.18 million used vehicles sold, up by over 300,000 from the first half 2015. The eight per cent rise in sales is also the first time used sales have gone past the four million in the first half of any year on record. To put that in perspective, new car sales peaked at a little over 1,420,000 for the first half of this year. 

How to value your car

Figures from the Society of Motor Manufacturers and Traders (SMMT) revealed the month of April to be the best for buying used cars. Used car stocks are usually high following the plate change in March and prices are more competitive as a result. This April saw over 760,000 used cars find new homes in the UK. 

With superminis dominating new car sales it's no surprise to seem them top the charts for the used market too, the Ford Fiesta being the best-selling car in the UK both new and used. Superminis in total accounted to over a third of all used buys this year, while small family cars account for a further 27.2 per cent of used sales. 

• Best used cars to buy

According to Mike Hawes, chief executive of the SMMT, the UK's used car market has been sharing in on the growth the new car sales over the years. Hawes said: "The UK's used car market is at its strongest ever, and that's great news for buyers."

However, the growth in used car sales could come at the expense of new car purchases. The first six months of 2016 saw private registrations for new cars slump by 4.5 per cent, with new car sales largely carried by strong fleet demand. 

• Best new car deals 2016

Hawes added: "The growth in the used car market has reflected record demand for new cars in recent years, but future growth in high cost purchases will depend on stable consumer and business confidence." 

Will your next car be a used or a new car? Tell us in the comments below...

Recommended

Official: E10 petrol launches in September
Petrol pump
News

Official: E10 petrol launches in September

E10 petrol is up to 10 per cent ethanol and will be available at UK fuel stations from September 2021 as part of bid to cut CO2 emissions
25 Feb 2021
VED road tax: how much does it cost?
car tax calculator
Consumer news

VED road tax: how much does it cost?

Confused by VED road tax? Our comprehensive guide explains how much you'll pay on your next car
17 Feb 2021
Councils get £500m to fill 10 million potholes in 2021
Potholes
Consumer news

Councils get £500m to fill 10 million potholes in 2021

The new pothole repair funding is part of a £2.5 billion Potholes Fund that was announced in the 2020 Budget to cover 2020/21 to 2024/25
15 Feb 2021
Big Brother is watching: police receive 89 dash cam clips a day
Dash cam
News

Big Brother is watching: police receive 89 dash cam clips a day

The RAC is advising motorists to ‘always drive as if you are being watched by the police’ after forces received 32,370 dash cam clips in 2019
5 Feb 2021

Most Popular

New all-electric Hyundai Ioniq 5 arrives to take on Tesla
Ioniq 5 - front
Hyundai

New all-electric Hyundai Ioniq 5 arrives to take on Tesla

The new Ioniq 5 – the first model from Hyundai’s all-electric sub-brand – takes design influence from the 45 Concept and will be offered with two batt…
23 Feb 2021
Volkswagen Golf GTI ‘Edition 45’ anniversary model leaked
Volkswagen Golf GTI 'Edition 45' - front
Volkswagen Golf GTI Hatchback

Volkswagen Golf GTI ‘Edition 45’ anniversary model leaked

The Volkswagen Golf GTI will soon get a new special edition model to celebrate its Sapphire anniversary
23 Feb 2021
New 2021 Mercedes C-Class gets sporty image and S-Class tech
Mercedes C-Class - front
Mercedes C-Class

New 2021 Mercedes C-Class gets sporty image and S-Class tech

The fifth-generation Mercedes C-Class features a range of petrol, diesel and plug-in powertrains, with high performance AMG models set to follow in 20…
23 Feb 2021