News release

 

Contact:
Serj Heera
Press Relations Executive, Automotive & Insurance
+44 (0) 115 976 8945
Tel
serjeet.heera@uk.experian.com
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London sees greatest increase in used 4x4 sales

Diesel cars also in demand, with used sales up 14.3 per cent

 

Nottingham, UK, 24 July 2008 - Experian®, the global information services company, today revealed that Greater London saw higher increases in the sale of used diesel cars and in the sale of 4x4s (SUVs), than any other UK region in the first quarter of 2008.

 

The latest used car sales figures from Experian show that sales of used diesel cars increased by 14.3 per cent in Greater London while across the country, sales of used diesel cars increased by 10.1 per cent (from 463,229 to 510,027).[1]

 

Furthermore, Greater London was the region to see the highest increase in the sale of used 4x4s and the second highest increase in the sale of used multi-purpose vehicles – both bigger engine vehicle types.

 

Kirk Fletcher, Managing Director of Experian’s Automotive division, said: “Despite the threat of higher tax on cars with the highest CO2 emissions, sales of these vehicles have remained strong throughout the country.  In fact, Greater London continues to be the capital of 4x4 drivers.  It is also the region to continue to see some of the biggest increases in diesel cars. 

 

“Car buyers are more aware of the cost of running a car these days and if the rapid increase in fuel prices continues, we will see a more rapid growth in the sale of alternative fuel cars.  Certainly over the last couple of years, sales of these vehicles types have risen more swiftly throughout the country.”

 

Total used car sales in Greater London increased by 0.1 per cent, while total used car sales throughout Great Britain fell by 0.5 per cent (from 1,978,465 sales to 1,999,750 sales).

 

Greater London

Fuel

Q1 06

% change from Q1 05 to Q1 06

Q1 07

% change from Q1 06 to Q1 07

Q1 08

% change from Q1 07 to Q1 08

DIESEL

25,770

20.0

28,035

8.8

32,035

14.3

ELECTRIC

6

50

20

233.3

39

95

PETROL

155,090

0.1

147,035

-5.2

142,985

-2.8

PETROL/

ELECTRIC

92

196.8

295

220.7

473

60.3

~Others

304

29.4

397

30.6

343

-13.6

Total

181,262

2.6

175,782

-3.0

175,875

0.1

Source: Experian and the DVLA

 

Greater London

Segment

Q1 06

% change from Q1 05 to Q1 06

Q1 07

% change from Q1 06 to Q1 07

Q1 08

% change from Q1 07 to Q1 08

SUV

7,657

22.5

7,724

0.9

8,576

11.0

Executive

14,348

2.7

13,953

-2.8

13,676

-2.0

Lower Medium

50,977

1.1

48,012

-5.8

47,704

-0.6

Luxury

2,225

11.6

2,268

1.9

2,033

-10.4

MPV

6,831

14.8

7,981

16.8

9,289

16.4

Mini

2,271

0.5

2,291

0.9

2,276

-0.7

Specialist Sports

5,404

6.2

5,402

-0.04

5,463

1.1

Supermini

44,631

2.5

43,248

-3.1

43,598

0.8

Unknown

5,569

4.8

5,675

1.9

5,544

-2.3

Upper Medium

41,349

-1.4

39,228

-5.1

37,716

-3.9

Total

181,262

2.6

175,782

-3.0

175,875

0.1

Source: Experian and the DVLA

 

Greater London

Age

Q1 06

% change from Q1 05 to Q1 06

Q1 07

% change from Q1 06 to Q1 07

Q1 08

% change from Q1 07 to Q1 08

0 to 3

35,687

2.3

33,601

5.9

33,745

0.4

3 to 6

41,824

5.9

40,628

2.9

40,688

0.2

6 to 9

39,548

4.7

39,936

1.0

40,263

0.8

9+

64,203

2.0

61,617

4.0

61,179

0.7

Total

181,262

2.6

175,782

3.0

175,875

0.1

Source: Experian and the DVLA

 

Greater London

 

Make

Q1 06

% change from Q1 05 to Q1 06

Q1 07

% change from Q1 06 to Q1 07

Q1 08

% change from Q1 07 to Q1 08

BMW

10,673

8.5

11,265

5.5

11,770

4.5

CITROEN

3,778

4.5

3,470

-8.2

3,501

0.9

FIAT

6,092

-0.8

5,635

-7.5

5,445

-3.4

FORD

26,441

-5.1

23,917

-9.6

22,573

-5.6

HONDA

7,348

3.7

6,820

-7.2

7,025

3.0

MERCEDES

-BENZ

9,659

13.8

10,111

4.7

10,751

6.3

NISSAN

10,622

-2.2

9,944

-6.4

9,549

-4.0

PEUGEOT

10,804

2.5

10,813

0.1

10,395

-3.9

RENAULT

10,334

1.2

9,999

-3.2

10,039

0.4

ROVER

8,119

-17.7

6,597

-18.8

5,538

-16.1

TOYOTA

9,076

10.4

8,919

-1.7

9,337

4.7

VAUXHALL

20,204

1.6

19,360

-4.2

19,437

0.4

VOLKSWAGEN

16,270

8.6

16,423

0.9

17,031

3.7

~Others

31,842

9.4

32,509

2.1

33,484

3.0

Total

181,262

2.6

175,782

-3.0

175,875

0.1

Source: Experian and the DVLA

 

ENDS



[1] During quarter one 2008 compared quarter 2007 - Experian’s MarketView Online.

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