News release

Contact:
Serj Heera
Press Relations Executive, Automotive & Insurance
+44 (0) 115 976 8945 Tel
serjeet.heera@uk.experian.com Email

 

londoners still the greatest fans of cars with big engines

 

Nottingham, UK, 12 December 2008 - As more and more used car buyers around the country moved away from 4x4s, Greater London was the only region to continue to see sales of this segment grow, according to the latest used car sales statistics from Experian®, the global information services company.

 

There was a downturn in sales of used 4x4s throughout Great Britain (down 4.0 per cent) during quarter three, compared to the same period last year.  However, the popularity of 4x4s remained strong in Greater London with sales increasing by 9.4 per cent.

 

Furthermore, the country’s biggest casualties during July, August and September were the used luxury, executive and upper medium segments.  In the Greater London region, however, these used segments saw a smaller downturn in sales.  The biggest casualties in this region were the smaller used cars.  Sales of the used supermini and mini segments were down 8.4 per cent and 14.3 per cent respectively.

 

Other key changes in Greater London’s used car market during quarter three.

·         The region saw the biggest fall in used Fiat, Citroen and Rover sales during quarter three compared to other regions.

·         It was the only region to see sales of the two prestige brands, BMW and Mercedes-Benz, increase.

·         The drop in sales of the used luxury, executive and upper medium segments, was the smallest in this region.

·         The highest increase in used MPV sales came from this region.

·         Sales of used diesel cars fell around the country, but Greater London was the only region to see sales of these vehicles increase.

·         Younger cars (up to three years old) and cars over nine years old saw the highest fall in sales.

 

Kirk Fletcher, Managing Director of Experian’s Automotive division, said: “It is interesting to see that London is still the home of the most ‘die hard’ fans of 4x4s. 

 

“Price consciousness is featuring more heavily for car buyers elsewhere and the more expensive to run cars are seeing a downturn in sales.  In London, however, while sales of the bigger segments have slowed down, it is the smaller segments seeing the worst sales. 

 

“Our advice to dealers is to re-evaluate their stocking policies by using market insight to help them make better informed decisions.  Feedback from our clients highlights the value of knowing what type of vehicle is selling the most in certain areas and using this information to review and manage their stocking policies.  Experian’s MarketView Online has enabled our clients to do just that, by giving them greater insight into exactly what people are buying and where, to help them deliver sustained growth in the face of tough trading conditions.”

 

Make

2007/3

2008/3

% change

% change across Great Britain

FORD

23622

21036

-11.0

-10.0

VAUXHALL

19597

18847

-3.8

-6.4

VOLKSWAGEN

17289

16893

-2.3

-4.2

BMW

11656

11982

2.8

-4.7

MERCEDES-BENZ

10919

11248

3.0

-5.1

PEUGEOT

10776

10161

-5.7

-6.2

RENAULT

10230

9491

-7.2

-8.8

TOYOTA

9860

9434

-4.3

-11.3

NISSAN

10119

9209

-9.0

-12.5

HONDA

7620

7217

-5.3

-5.7

ROVER

6278

4825

-23.1

-20.7

FIAT

6174

4606

-25.4

-9.6

CITROEN

3583

3333

-7.0

-4.5

~Others

34379

34748

1.1

-4.7

Total

182102

173030

-5.0

-7.7

 Source: Experian’s MarketView Online and DVLA

 

Segment

2007/3

2008/3

% change

% change across Great Britain

Lower Medium

48529

46322

-4.6

-6.8

Supermini

45332

41539

-8.4

-4.7

Upper Medium

39336

36238

-7.9

-11.8

Executive

14539

13786

-5.2

-13.7

MPV

8732

10155

16.3

6.5

SUV/4x4

9122

9979

9.4

-4.0

Sports

5732

5485

-4.3

-5.5

Luxury

2229

2061

-7.5

-15.1

Mini

2342

2008

-14.3

-4.0

Unspecified

6209

5457

-12.1

-18.7

Total

182102

173030

-5.0

-7.7

Source: Experian’s MarketView Online and DVLA

 

Fuel

2007/3

2008/3

% change

% change across Great Britain

Diesel

30060

32505

8.1

-4.1

Electric

43

49

14.0

134.2

Petrol

151345

139645

-7.7

-8.8

Hybrid

307

448

45.9

60.5

~Others

347

383

10.4

-2.5

Total

182102

173030

-5.0

-7.7

Source: Experian’s MarketView Online and DVLA

 

Age

2007/3

2008/3

% change

% change across Great Britain

0 to 3 years

32690

30582

-6.5

-8.4

3 to 6 years

42556

40581

-4.6

-10.3

6 to 9 years

42082

41328

-1.8

-3.2

9 years plus

64774

60539

-6.5

-8.0

Total

182102

173030

-5

-7.7

Source: Experian’s MarketView Online and DVLA

 

ENDS

 

 

 

 

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