UK used car market stable in Q1 2019

Source: Xinhua| 2019-05-15 23:59:31|Editor: Mu Xuequan
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LONDON, May 15 (Xinhua) -- The used car market in the United Kingdom was stable in the first quarter (Q1) of 2019, down only 0.6 percent year-on-year, according to figures released on Wednesday by the Society of Motor Manufacturers and Traders (SMMT).

Demand for alternatively fueled vehicles (AFVs), specifically hybrid, plug-in hybrid and pure electric cars, continued to grow, up 30.7 percent compared with the same period one year earlier. A total of 32,272 AFVs changed hands in Q1 2019.

AFVs accounted for 1.6 percent of all the some 2 million transactions, with conventional petrol and diesel vehicles taking up 98.3 percent of the market.

Mike Hawes, chief executive of SMMT, said that "amid ongoing political and economic uncertainty, a stable used car market is good news for the automotive sector as it underpins crucial new car sales activity."

Hawes noted that consumers would also benefit from the latest, safest and cleanest vehicles as second owners.

"If we're to accelerate this shift, and meet shared ambitions on air quality and climate change, a long-term government commitment to supporting take-up of the latest technologies in the new car market will be essential," Hawes said.