Continued growth in used car transactions across all segments in Q3 2015.
- Three per cent year-on-year increase in used car transactions for July to September 2015
- 2015 sees the highest Q3 for used car transactions since 2007
- Used 4x4s saw the strongest performance with 9.1% growth year on year
The UK used car market continues to grow, with recent DVLA statistics showing that used car transactions have grown by three per cent year on year during the July to September period for 2015. Year to date used car transactions have also increased, by 4.2% and 225,000 units year-on-year.
The 4×4 segment showed the strongest performance with used sales of large and small 4x4s growing by 9.1% year on year as the UK moves towards Winter, and savvy shoppers prepare for weather warnings this week ahead of the threat of heavy snow bought by Storm Barney.
Auto Trader, the UK’s largest digital automotive marketplace for buying and selling new and used vehicles, have revealed the Top 10 most searched for 4x4s for July to September 2015.
- BMW X5
- Land Rover Range Rover
- Land Rover Range Rover Sport
- BMW X3
- Mercedes-Benz M-Class
- Honda CR-V
- VW Touareg
- Land Rover Range Rover Evoque
- Toyota RAV4
- Audi Q5
Auto Trader’s Retailer and Consumer Products Director Karolina Edwards-Smajda, said; “The current increasing levels of used car transactions are a bi-product of the strong new car registrations that have been experienced over the last few years, with these vehicles now re-entering the used car market. Transactions for nearly new cars less than one year old and cars between one and three years old are fueling the growth, showing an increase of 8% and 15% year-on-year respectively.
About Auto Trader:
Auto Trader Group plc is a 100% digital business having successfully completed the transition from a print title in 2013. Auto Trader sits at the heart of the UK’s vehicle buying process and operates the UK’s largest digital automotive marketplace.
Auto Trader’s primary activity is to help vehicle retailers compete effectively on the Marketplace in order to sell more vehicles, faster. The Marketplace brings together the largest and most engaged consumer audience. Autotrader.co.uk attracts around 44.5 million monthly cross-platform visits on its sites, with around 68% of visits coming through mobile devices, with the largest pool of vehicle sellers (listing more than 400,000 cars each day). In fact over 80% of all time spent on classified sites is spent on Auto Trader. The Group does not buy or sell any vehicles itself.
Auto Trader has around 92% prompted brand awareness in the UK, with 80% of UK retailer forecourts advertising via the website and around 65% of UK used car transactions involving cars listed on autotrader.co.uk.
Auto Trader’s market-leading position enables it to generate and collect large amounts of data on the UK’s automotive marketplace and leverage it to create a suite of services that allow retailers to:
- BUY – buy the right vehicles, at the right price
- MARKET – market their brands and businesses effectively in the digital world
- SELL- sell more vehicles through advertising on the UK’s largest digital automotive marketplace
- MANAGE – optimise their stock turn and vehicle margin.
For all trade media enquiries, please contact:
Laura Biss 07802 483971 firstname.lastname@example.org