INDICATA insights reports that used car sales grew + 15.3% above 2020 levels, even though stock remained tight.
The expected December dip in used car sales happened, but INDICATA says this has enabled sellers to increase stock for January.
Stock levels have certainly improved very slightly moving into January, but we expect demand to continue to exceed supply and for prices to remain very high.
Used diesel cars continue to sell quickly despite the continued focus on EVs and hybrids. There is a strong market in place for used diesels especially in areas not affected by the Low Emission Zone regulations.
Jon Mitchell, group sales director, INDICATA
Mitchell added that used diesel sales remained the fastest-selling powertrain on average with a stock turn of 5.9 but he said it was worth noting that BEVs tied for second place at 5.3 with petrol. EV volumes reached their highest level in late 2021 but still remained a fraction of total used car sales.
Automotive and fleet writer for Broker News
