News Release

 

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

LONDON REMAINS THE COUNTRY’S ONLY 4X4 STRONGHOLD

 

Nottingham, UK, 24 November 2008 - For the first time in eight years, sales of used 4x4s fell throughout the country (down 3.4 per cent) during April to June of this year, according to the latest used car sales analysis from Experian®, the global information services company. 

 

London was the country’s only 4x4 stronghold, seeing sales increase by 3.6 per cent during Q2 FY08, compared to the same period last year.  However, in June sales of used 4x4s in London started to slide, dropping by 2.3 per cent compared to June 2007.

 

Sales of used MPVs increased across Great Britain during April to June (up 12.2 per cent), but by far the greatest increase in sales of used MPVs was in London – up 17.4 per cent. 

 

Used car sales trends in London during Q2 FY08, included:

  • sales in the used mini segment increasing by 6.6 per cent in June
  • sales of used diesel cars increasing by 10.1 per cent in April to June, compared to a 0.8 per cent increase across the rest of the country
  • sales of used German cars rising by 2.2 per cent (Volkswagen, BMW and Mercedes-Benz)
  • the capital being the only place in the country to see an increase in used Vauxhall cars – up by 0.4 per cent.

 

Kirk Fletcher, Managing Director of Experian’s Automotive division, said: “Sales of used cars in the capital did not suffer as badly as other parts of the country.  However, June’s figures revealed the start of what dealers have already identified as a downward trend for the rest of the year.  Up until now, used car buyers in London had remained the biggest 4x4 fans.  The significant increase in the sale of used diesel cars plus rising sales in the mini segment in June highlights that Londoners are not immune to the rising costs of running a car.

 

“It is vital that used car dealers closely monitor trends in the marketplace to help them capitalise on motorists’ shifting priorities and understand the factors driving their purchasing decisions.  

 

“Experian’s MarketView OnLine provides direct access to Experian’s extensive range of automotive market data and analytical tools.  Dealers have been able to access information, such as new car registration data from the SMMT, the latest DVLA car parc data and used car transactions data, giving a greater insight into what people are buying and where.”

 

For further information on the range of services enabling dealers to assess the marketplace and their potential customers, reduce costs and manage risks, please call 0870 414 0310 or email automotive.enquiries@uk.experian.com

 

Regions

Q2 2007 used sales in Greater London

Q2 2008 used sales in Greater London

% change Q2 07 to Q2 08

Regions

2007/2

2008/2

 

East Anglia

90612

87880

-3.0

East Midlands

162834

159434

-2.1

Greater London

186689

181755

-2.6

North

98865

95534

-3.4

North West

203448

194234

-4.5

Others

92

83

-9.8

Scotland

168699

158989

-5.8

South East

403155

389502

-3.4

South West

196980

188413

-4.4

Wales

113097

108841

-3.8

West Midlands

192652

188032

-2.4

Yorkshire And The Humber

170377

166659

-2.2

Total

1987500

1919356

-3.4

Source: Experian’s MarketView Online and DVLA

 

Segment

Q2 2007 used sales in Greater London

Q2 2008 used sales in Greater London

% change Q2 07 to Q2 08

% change across Great Britain

SUV/4x4

9064

9394

3.6

-4.3

Executive

15448

14769

-4.4

-8.6

Lower Medium

49788

48970

-1.6

-2.9

Luxury

2470

2194

-11.2

-14.2

MPV

8580

10071

17.4

12.2

Mini

2343

2338

-0.2

1.2

Sports

6198

5869

-5.3

-3.3

Supermini

44876

43549

-3.0

-0.2

Upper Medium

41396

38753

-6.4

-13.2

Unknown

6526

5848

-10.4

-8.7

Source: Experian’s MarketView Online and DVLA

 

Fuel type

Q2 2007 used sales in Greater London

Q2 2008 used sales in Greater London

% change Q2 07 to Q2 08

% change across Great Britain

Diesel

30481

33552

10.1

0.8

Electric

19

43

126.3

265.2

Petrol

155498

147308

-5.3

-4.8

Hybrid

295

480

62.7

95.1

~Others

396

372

-6.1

6.4

Source: Experian’s MarketView Online and DVLA

 

Make

Q2 2007 used sales in Greater London

Q2 2008 used sales in Greater London

% change Q2 07 to Q2 08

% change across Great Britain

BMW

12334

12630

2.4

0.8

CITROEN

3539

3479

-1.7

0.4

FIAT

5747

5042

-12.3

-4.2

FORD

24137

22464

-6.9

-5.8

HONDA

7680

7511

-2.2

-1.4

MERCEDES-BENZ

11465

11675

1.8

-0.9

NISSAN

10166

9461

-6.9

-6.2

PEUGEOT

11234

10587

-5.8

-3.1

RENAULT

10428

9797

-6.1

-3.1

ROVER

6911

5437

-21.3

-17.8

TOYOTA

9831

9800

-0.3

-4.6

VAUXHALL

19644

19728

0.4

-3.6

VOLKSWAGEN

17632

18091

2.6

0.7

~Others

35941

36053

0.3

-0.7

Source: Experian’s MarketView Online and DVLA

 

Age

Q2 2007 used sales in Greater London

Q2 2008 used sales in Greater London

% change Q2 07 to Q2 08

% change across Great Britain

0 to 3 years

33051

31940

-3.4

-4.5

3 to 6 years

44080

42526

-3.5

-5.6

6 to 9 years

43182

42807

-0.9

-0.4

9 years plus

66376

64482

-2.9

-3.0

Source: Experian’s MarketView Online and DVLA

 

 

 

 

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