As good as new? Sales of used cars skid for a second quarter - News Summed Up

As good as new? Sales of used cars skid for a second quarter


In the April-to-June quarter, secondhand car sales came in at a little over 2.1 million, down 0.7 per cent from the second quarter of 2016 John Stillwell/PAThe used car market has followed slumping new registrations into recession. For a second quarter running, sales of secondhand cars fell year-on-year. In the three months from July to September, the number of used cars that changed hands came in at a little over 2.1 million, 2.1 per cent down on the same period last year. In the April-to-June quarter, secondhand car sales also came in at a little over 2.1 million, down 0.7 per cent from the second quarter of 2016. The figures follow the faster deceleration in new car sales, which crashed by 12 per cent in October, the seventh consecutive month of falls, after a worrying 9 per cent dive in September, which, as a plate-change month, is the second most important…


Source: The Times November 16, 2017 00:08 UTC



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