A little more than 1 million trade-in vehicles were sold in the quarter from April to June 2020 – 48.9 percent less than in 2019 and totally due to coronavirus lockdown, says the Society of Motor Manufacturers and Traders.
It really denoted a 2020 turnaround, as January and February utilized vehicle deals were flourishing pre-pandemic.
Nonetheless, SMMT figures uncover the business droop was at that point facilitating by June: while exchanges were down 74.2 percent in April, they just fell 17.5 percent in June.
So far in 2020, 2.89 million trade-in vehicles have been sold, contrasted with 4.05 million of every 2019. That is a decay of 28.7 percent – with 85 percent of the misfortunes recorded in the April to June period.
Mike Hawes, SMMT CEO, stated: “As destroying as these figures may be, with full lockdown gauges set up for the entire of April and May, they are to be expected.
“As the UK begins to get back progressing again and businesses keep on re open, we hope to see greater movement come back to the market, especially the same number of individuals consider vehicles to be a sheltered and solid approach to go during the pandemic.”
The most famous kind of trade-in vehicle during the 2020 lockdown time frame was a supermini, with 316k exchanges – they took 30.5 percent of the market, in spite of deals falling 52.4 percent.
Obviously, every vehicle part declined: the least gravely influenced were extravagance cantinas, down ‘simply’ 30.4 percent.
The most well known trade-in vehicle shading was dark, firmly followed by silver, blue, dim and white.
Best selling used cars: April-June 2020
1: Ford Fiesta
2: Volkswagen Golf
3: Ford Focus
4: Vauxhall Corsa
5: Vauxhall Astra
6: BMW 3 Series
8: Volkswagen Polo
9: Audi A3
10: Mercedes-Benz C-Class