Electric vehicles: Net used car sales hit record high | Business Newsletter
Net sales of used electric vehicles hit a record high, according to newly released data.
Approximately 14,586 used batteries Electric Car The Society of Motor Manufacturers and Traders (SMMT) said it was purchased in the UK in the first three months of the year.
This is more than double the 6,625 figure for the same period last year, with the market share of used electric vehicles increasing from 1.6% to 3.6%.
Used hybrid and plug-in hybrid vehicle sales also changed by larger numbers in the January-March period, up 35.3% and 28.8%, respectively.
This figure compares to the number of newly registered vehicles 34.1% over the same period last year.
Overall, the number of used cars purchased in the first quarter of this year increased by 5.1% compared to 2021, driven by a 14.3% drop in new car sales, due to a Global shortage of semiconductors.
SMMT CEO Mike Hawes said: “With the new car market hampered by the ongoing global supply shortage, the growth of the used car market is key. welcome, if not surprising, especially since we were in lockdown last year.”
“Electric vehicle sales are rocking the market, with zero-emissions vehicles starting to be filtered in greater numbers to consumers eager to drive the newest and greenest cars.
“While there is still some way to go before we see the recent growth in new electric vehicles replicated in the used market, a vibrant new car market will be critical to helping driving fleet innovation, which is essential to saving carbon.”
“The consumer-led push towards electrification continues unabated”
“The consumer-led push towards electrification continues unabated, with used electric vehicle sales hitting a record quarter, up 120,” said Hugo Griffiths, feature editor at carwow. 2%.
“A combination of factors is driving this increase. Supply chain constraints for new electric vehicles are pushing an increasing number of buyers to the used market, where there have never been before. more choice of electric vehicles, including models for those on a tighter budget.”
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He continued: “Rising gasoline and diesel prices have also affected consumer habits, something helped by a spike in demand for electric vehicles following a rise in fuel prices.
“There is no doubt that the desire for cleaner engines is also influencing buyer behavior, as more and more emission zones are appearing around the country.
“But while the shift to electric cars is happening organically, petrol and diesel models still make up the majority of the used market.
“City cars, SUVs and superminis saw demand spike in Q1 2022, but intervention buyers may want to capitalize on a drop in carrier popularity: MPV vehicle sales. used cars fell 7.5% last quarter, meaning that after practical, affordable drivers can find themselves a relative bargain by hunting for cars that motorists Other vehicles may have missed it.”