Others in the car industry agree that less disposable income as a result of the cost-of-living crisis was also prompting owners to hold on to their cars for longer, instead of looking to upgrade.
Declines were recorded in each month, with falls in April , May and June . Overall, 3,535,035 cars have been sold on the used market so far this year, down 8.3% on 2021 . It wasn’t all doom and gloom, with battery-electric vehicles recording a 57.1% rise in sales , while plug-in hybrids held relatively stable with 1% growth to 15,633 sales. Hybrids, meanwhile, declined by 4% to 43,019 sales.
Mike Hawes, SMMT chief executive, said, “It was inevitable that the squeeze on new car supply would filter through to the used market.
no microchips either for new cars