UK: Used car sales data confirms downsizing trend
Data on used car transactions in the UK car market analysed by Experian shows that consumers are purchasing smaller and more fuel efficient vehicles.
“Amid economic uncertainty and as the rising cost of living squeezes household budgets, car buyers are more focused on affordability and value than ever before. Our data confirms that consumers in Britain are looking for value and increasingly opting for smaller vehicles – in the used as well as new car markets,” said Andrew Ballard, Product & Propositions Director of Experian Automotive.
The Experian data analyses around 6.8m used car sales a year that take place in the UK (all used car sales, private and trade – original data from DVLA). The 2011 data shows that the mini (A-segment) and supermini (B-segment) segments clearly stand out in terms of volume with a 6.5% increase and a 2.6% increase respectively compared to 2010. “They were the only segments along with the MPV to show an increase in sales in 2011,” says Ballard “All the other car market segments suffered a drop in units sold. This trend goes back to 2010 when they were once again the only segments to experience an increase in sales.”
Lower running costs, a reduced carbon footprint as well as increased availability of these models are all factors in their increased popularity, Ballard believes. “Consumers are now thinking beyond the initial outlay cost of buying a car and looking into future running costs as well as environmental impact,” he says.
A report by CAP this week also highlighted the trend towards smaller and more fuel efficient vehicles entering the UK vehicle parc and warned that a hole in government finances may be the result, with the possibility that the government will take measures to raise taxation on motorists.
Here we go again. In 2010, South Africa was convulsed by a wave of industrial unrest as pay bargaining talks lumbered into action and three years later, hey presto, the same actors seem to be going th...
LMC Automotive's service provides customers with the very latest monthly estimates of passenger car production across all of Europe. Updated monthly and provided model-by-model, and available only via...
Mitsubishi Motors began production of a new mini-car at its Mizushima plant in Kurashiki, Okayama Prefecture, Japan, this week. ...
Mitsubishi Motors began production of a new mini-car at its Mizushima plant in Kurashiki, Okayama Prefecture, Japan this week....
The production of cars in the UK rose 16.6% to 110,033 units in April, bucking the downward trend of recent months....
BMW Group sales rose 6.8% in April 2013 to 155,419 vehicles worldwide while sales for the first four months of the year climbed 5.7% over 2012 to a record high of 603,619....
Magna International said on Friday sales of US$8.36bn for the first quarter ended 31 March, 2013, were up 9% year on year as vehicle production increased 1% in North America and fell 9% in Europe....
- Comment - emissions 'failures' hardly a surprise
- THE WEEK THAT WAS - Diesel developments
- ANALYSIS - supercharged Jaguar XF
- ANALYSIS - 2016 Kia Carnival Platinum
- RESEARCH SNAPSHOT - Moving closer to self-driving
- Ford launches new EcoBlue 'Euro VI' diesel engine
- JLR achieves aluminium recycling milestone
- Ford books record Q1 pre-tax profit
- Ford spending $1.6bn on US plants
- FCA to retool Trenton engine plant for new I4