Q3 2021 Used Car Sales
Demand for used plug-in models surges despite used car market falling -6.2% in Q3
- Battery electric vehicle demand rises 56.4% with 14,182 cars changing hands.
- UK used car transactions fall -6.2% against strong Q3 2020 to 2,034,342 units.
- Used market up 16.4% year-to-date but still -4.0% down against same period pre-pandemic.
Tuesday 9 November, 2021
Demand for used battery electric (BEV) and plug-in hybrid (PHEV) vehicles continued to grow in Q3, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT).
Reflecting recent trends in both the new and used markets, transactions rose by 56.4% and 43.3% to 14,182 and 14,990 respectively. Indeed, the number of used BEVs that changed hands during the period was the highest recorded in any quarter. Hybrid electric vehicle (HEV) transactions also increased by 20.3% to 40,157.
Thanks to an ever-growing choice of new zero emission models coming on sale, for both new and used car buyers, the market share for all used plug-in vehicles increased to 1.4%, up from 0.9% the previous year. Petrol and diesel powertrains continued to dominate, however, comprising 96.4% of all transactions equivalent to 1,959,955 units, although demand for both declined, by -6.9% and -7.6% respectively.
This strong plug-in performance comes despite the UK’s used car market falling -6.2% in the third quarter of 2021. 2,034,342 vehicles changed hands, 134,257 less than in Q3 2020 when the re-opening of showrooms and easing of lockdown measures saw the market bounce back strongly.
Used car transactions declined in every month across the quarter, with July, August and September all falling, by -4.9%, -5.9% and -7.9% respectively.1 Overall, the period is down -2.0% on 2019 pre-pandemic, making it the weakest quarter three since 2015.2
Mike Hawes, SMMT Chief Executive, said,
Despite the used car market declining in the third quarter, record sales earlier in the year, particularly in the second quarter, means the market remains up year to date. Given the circumstances, with the global pandemic causing a shortage of semiconductors needed to produce new vehicles, undermining the new car market, used transactions were always going to suffer too. This is particularly worrying as fleet renewal – of both new and used – is essential if we are to address air quality and carbon emissions concerns.
Superminis were the most popular body type, taking a third of the market (33.0%), followed by lower medium (26.0%) and dual purpose (13.0%). All segments saw declines with MPVs falling most, down -13.1% in the third quarter.
Black remained the most popular colour choice with 436,511 transactions, followed by silver and blue. Only two colours saw their sales increase during Q3 with orange rising by 3.6% and brown up 1.1%.
Thanks to record sales earlier in the year, year-to-date the used market is 16.4% up on 2020 to 5,889,601 units, an increase of 829,780 transactions. The overall market, is however, -3.9%, or 241,160 units off the 2019 total for the first nine months of the year.
Notes to editors
1. Q3 2020 – 2,168,599
2. Q3 2015 – 1,991,151
Title Description Version Size Download Used Cars twitter graphic Q3 2021 250.55 KB DownloadPreview UK used car transactions – Q3 2021 and % change on 2020 YTD table 73.49 KB DownloadPreview UK used car transactions – Q3 2021 and % change on 2020 YTD table 42.56 KB DownloadPreview Top 10 regions Q3 2021 55.95 KB DownloadPreview Top 10 regions Q3 2021 78.04 KB DownloadPreview Top 10 models Q3 2021 77.91 KB DownloadPreview Top 10 models Q3 2021 57.06 KB DownloadPreview Top 10 colours Q3 2021 71.06 KB DownloadPreview Top 10 colours Q3 2021 51.07 KB DownloadPreview SMMT used car sales – Q3 2021 320.18 KB Download Q3-2021-Used-Car-Datasheet 10.31 KB Download MH used Q3 quote 329.62 KB DownloadPreview
Comments are closed.