SMMT 8th Feb 2024
UK used car transactions grow 5.1% in 2023, with 7,242,692 changing hands as improving new car market re-energises supply.
Superminis and black paint most popular used car style choices, taking 32.1% and 21.4% of the market respectively.
Battery electric car sales almost doubled, up by 90.9% to 118,973 – but at just 1.6% of the market, industry calls for VAT cut on new EV’s to help future supply of second hand market.
