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WOW 2021
Used car sales had a great 2021. The pandemic caused the industry to run at reduced capacity, and the supply chain issues that resulted in slower production lead times meant car manufacturers struggled to shift vehicles to the market.
Source: SMMT
UK used car transactions grow 11.5% in 2021 with 7,530,956 units changing hands.
Weaker Q4, down -3.1%, contrasts with record Q2 to round off a volatile year.
Record demand for used battery electric vehicles, up 119.2% with 40,228 transactions.
Overall used car market still down -5.5% on pre-pandemic five-year average.
THINGS WE LOOK FORWARD TO IN 2022:
Battery electric vehicles (BEV) are coming into the market fast and their technologies help reduce carbon emissions.
Climate change is an issue we all care about, at Sentinel we are proud of the work that goes into developing the cars we sell to reduce the carbon footprint and emissions.