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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.