News release

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

Sales of used 4x4 vehicles strongest in the West Midlands
 

Nottingham, UK, 6 February 2008 - The West Midlands saw the highest increase in the number of used SUVs sold during quarter three in 2007 compared to the same period in 2006, according to the latest used car sales statistics from Experian®, the global information services company.

Used SUVs remained popular throughout the country, with sales increasing by eight per cent, but in the West Midlands, sales of this segment leapt by 13 per cent during quarter three. 

Kirk Fletcher, Managing Director of Experian’s Automotive division, said: “It was interesting to see that despite environmental concerns and increasing taxes, the popularity of 4x4s had not diminished, especially in the West Midlands.  It seems that negative media attention is still not deterring car buyers from investing in a 4x4.  However, focus has shifted from nearly new used SUVs to older used SUVs.  Sales of SUVs under a year old fell by 14 per cent throughout the country, while the three to six year age range was the most popular (up 14 per cent).”

Used car sales fell throughout the country during July, August and September last year (down 3 per cent), but cars aged up to three years old suffered the most.  The West Midlands was one of the regions to see the smallest overall fall in sales (down 2 per cent), but the highest increase in the sale of older cars (over 6 years).

Kirk concluded: “By the time the third quarter had begun, the base rate had already risen five times to 5.75 per cent – its highest level since spring 2001 – so consumers were feeling the squeeze on their finances.  Sales of ‘big ticket’ items, such as cars, were the most likely to suffer, and they did.  With financial concerns continuing into the final quarter of 2007 (October, November and December), it is likely that another drop in used sales will be recorded for this region.”

Government Region

Q3 2007

Q3 2006

% change

East Anglia

89,323

93,240

-4

East Midlands

163,387

167,217

-2

Greater London

182,926

189,797

-4

North

97,884

103,877

-6

North West

202,399

211,334

-4

Scotland

163,131

167,507

-3

South East

401,786

413,890

-3

South West

195,847

200,811

-3

Wales

111,993

117,027

-4

West Midlands

189,693

193,583

-2

Yorkshire and the Humber

173,909

178,078

-2

National

1,972,349

2,040,427

-3

Source: Experian’s Business Strategies division and DVLA

 

Fuel

Q3 2007 West Midlands

Q3 2006 West Midlands

% change

National % change Q3 2006 to Q3 2007

Diesel

43,671

42,411

3

4

Petrol

138,808

143,399

-3

-5

Unknown/other

7,214

7,773

-7

-8

Source: Experian’s Business Strategies division and DVLA

 

Segment

Q3 2007 West Midlands

Q3 2006 West Midlands

% change

National % change Q3 2006 to Q3 2007

City Car

3,022

2,966

2

-2

Executive

8,266

9,079

-9

-6

Lower Medium

53,946

55,912

-4

-5

Luxury

1,243

1,246

-0.2

-1

MPV

7,108

6,814

4

3

Supermini

55,208

54,718

1

-1

Sports

6,719

6,671

1

-2

SUV

12,260

10,865

13

8

Upper Medium

36,005

39,155

-8

-9

Source: Experian’s Business Strategies division and DVLA

 

Age

Q3 2007 West Midlands

Q3 2006 West Midlands

% change

National % change Q3 2006 to Q3 2007

 0 to 1 years

12,729

13,666

-7

-6

1 to 3 years

23,103

25,311

-9

-10

3 to 6 years

45,694

46,772

-2

-3

6 to 9 years

39,505

39,449

0.1

-1

9 years plus

68,662

68,385

0.4

-2

Source: Experian’s Business Strategies division and DVLA

 

ENDS

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