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As Per Statistics Published by What Car, UK's Used Car Industry Anticipates a Record Year

It looks like 2015 is going to be another great year for used car dealers in the UK.


Bedford, Bedfordshire -- (SBWIRE) -- 04/07/2015 -- Statistics put together by show that 2015 should be a record-breaking year for the UK car industry as a whole. They are reporting that interest in used cars from the British public has soared.

In January alone, the car site received 3.9 million visitors. Each person that visited the site is a potential buyer. Many of those visitors are there to research their next car. The vast majority who get as far as visiting a site like this are at the buying stage or very close to that stage. Typically, they are doing far more than just window-shopping and information gathering.

Car dealerships and garages in the UK enjoyed a great end to 2014 with record sales for both the used and new car sectors. Because of this very strong finish to 2014 the number of cars for sale in Bedford and some other parts of the UK has fallen. The fact that so many people across the UK bought cars at the end of the year thinned out the stock of used cars on forecourts leaving many used car dealers scrabbling to re-stock.

Fortunately, new car registrations went up at the start of 2015, which helped to release a new wave of used cars to market to those on a tighter budget. Naturally, sales dropped slightly in February because many consumers wait for the new registration plates to come out in March. They prefer to wait a few weeks so that they can drive a car with the latest registration plates.

The latest figures from the Society of Motor Manufacturers and Traders back up the statistics published by What Car. The organisation reported that sales of cars in the UK have increased for 35 consecutive months. Some pundits are saying that this rate of growth is unsustainable, but others in the industry expect to see growth continue. Those who expect growth to continue point to the improving economy and falling cost of living as the main drivers for continued growth of sales.

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