Growth for new and used orders in July

Dealers saw double-digit growth in orders for new and used cars in July according to data from Dealerweb.

Orders for new vehicles increased by 12% and used cars by 16% against July 2019. Enquiries also increased with a 16.5% increase in the new sector and 27% rise in used.

James Hill, managing director of Dealerweb, said: “July shows another strong performance by dealers across the UK. A significant rise in order take for new vehicles in both June and July will feed into increased registrations over the next quarter. While the performance of the used sector continues well above usual seasonal patterns.

“It is clear that dealers are pushing harder to meet pent up demand, but I also think we see additional growth from buyers who have made savings during lockdown and have money to spend. It is key for all dealers to manage leads in this volatile market carefully.”

The average value of used vehicles remained steady at £19,560 last month. The average new vehicle value increased from £21,404 to £31,589.

The study examined data from a sample of 800 franchised dealers across the UK.