Used car demand levels off in June
New data has found that used car demand slowed in June, with enquiries falling 7.8% and orders down 2.4%.
According to Dealerweb, the average value of used vehicles sold increased from £19,470 to £21,030.
James Hill, managing director of Dealerweb, said: “Used car demand has remained strong since the lifting of lockdown measures, and this may be the first signs of a move to more usual patterns. Dealers have found it difficult to source quality used stock and have seen wholesale prices rise due to shortages. This first dip may be the sign that we’ve passed the peak of the market.
“Dealers across the country are navigating a complex market with pressures facing the new and used markets. Conversion rates remain high, and it’s evidence of the efficiency of sales teams, assisted by advanced data and technology.”
Enquiries for new cars increased by 14% against the same period last year, showing a continued strong recovery of the sector.
