Used car sales fall in the second quarter 2014, but MPVs and 4x4s remain in demand among car buyers

MPVs and 4x4s replace upper and lower medium car models as the family car of choice

Nottingham, UK, 21 October 2014 — Experian, the global information services company, to-day published its Used Car Sales Index which found that sales fell by 3 per cent compared to the same quarter last year - from 1,804,871 in Q2 2013 to 1,743,715 in Q2 2014.

Within this small overall reduction, MPVs and 4x4s were the only car segments to experience in an increase in sales in the quarter, rising by 3 per cent and 2.6 per cent respectively compared to Q2 2013.

Key highlights from Experian’s used car data show:

  • The biggest fall in sales came from upper and lower medium vehicles, with a 6 per cent fall in each of these categories compared to the same period last year.
  • Superminis remain the most popular used car, but still saw a decrease in sales of 1.6 per cent.
  • The focus for used car buyers was on newer used car models, aged up to three years old, as this was the only age group to see a slight increase in sales, rising by just over 1 per cent.
  • Fuel economy and environmental factors continued to play a key role as sales of used electric cars increased by a significant 24 per cent and sales of used hybrid cars in-creased by just over 4 per cent.
  • Sales of used diesel cars increased by nearly 2 per cent in Q2 2014 compared to Q2 2013.
  • Greater London saw the biggest increase in sales of used electric cars – a 67 per cent rise compared to Q2 2013. The region also saw a 34 per cent increase in sales of hybrid used cars over the same period.
  • Drivers in Yorkshire & Humberside and the East Midlands have been slower to be con-vinced of the benefits of going electric and have seen the smallest increases in electric and hybrid used car sales - 4 per cent in Yorkshire & Humberside and 6 per cent in East Midlands.
  • Similarly, used hybrid car sales increased by just under 2 per cent in Yorkshire & Hum-berside and 10 per cent in the East Midlands.

Andrew Ballard, Principal Consultant for Experian’s Automotive business, said:

“Car sales are seasonal and used cars have availability considerations as well as demand, so the very slight 0.4 per cent decline in sales figures in Q2 compared to the previous quarter is not a surprise as people can tend to replace their cars at the beginning of the year. What is evident, however, is that the demand for MPV and 4x4s is continuing to grow each quarter. For many people these cars fulfill the need for safer, larger family cars as well and being a lifestyle choice. For others, a 4x4 is a statement car with a much wider range of smaller more affordable models being produced that are now finding their way into the used market. Understanding where the demand is in the country and what the needs of those car buyers are will help organisations have more meaningful conversations with their customers.”

Data Tables

Segment

Q2 2013

Q2 2014

% change

from Q2 2013

4X4

125894 129181 2.6
Executive 83269 81449 -2.2
Lower Medium 492376 461990 -6.2
Luxury 11222 11366 1.3
MPV 105594 108782 3.0
Mini 31341 29587 -5.6
Specialist Sports 70144 66585 -5.1
Supermini 586249 576729 -1.6
Unspecified 23175 20419 -11.9
Upper Medium 275607 257627 -6.5
Total 1804871 1743715 -3.4

Source: Experian/DVLA

Fuel Type Q2 2013 Q2 2014

% change

from Q2 2013

Diesel 599033 609298 1.7
Electric 1336 1662 24.4
Petrol 1192908 1121164 -6.0
Petrol/electric 7949 8285 4.2
~others 3645 3306 -9.3
Total 1804871 1743715 -3.4

Source: Experian/DVLA

Region Q2 2013 Q2 2014

% change

from Q2 2013

East Anglia 85516 81236 -5.0
East Midlands 153430 147455 -3.9
Greater London 161364 158171 -2.0
North 87033 83738 -3.8
North West 169066 164396 -2.2
Scotland 149162 144723 -3.0
South East 388112 372093 -4.1
South West 180509 176981 -2.0
Wales 98865 95661 -3.2
West Midlands 177930 171303 -3.7
Yorkshire And The Humber 153863 146946 -4.5
Total 1804871 1743715 -3.4

Source: Experian/DVLA

Age Q2 2013 Q2 2014

% change

from Q2 2013

0-3 years 315658 319073 1.1
3-6 years 349529 314557 -10.0
6-9 years 357349 326537 -8.6
Over 9 years 782335 783548 0.2
Total 1804871 1743715 -3.4

Source: Experian/DVLA

-ENDS-


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About Experian
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