Used Car Sales Growth and Advice for Car Buyers
Ford Fiesta was the best-selling used car with 326,346 transactions as well as the ranked top in the most stolen cars in 2021. Let’s see the analysis of market growth and advice for the used car buyers.
During the year 2021, more than 7.5 million used cars were sold. The reason for this is because there is a global shortage of microchips, which drives up demand for used cars. Vehicles moving to the dealer during the time of the pandemic could take 30-60 days to sell.
It now only takes a week. It’s an excellent time for consumers who want to buy a used car or, more accurately, people who can afford to buy one.
The percentage of transactions based on fuel is rather surprising. The increase in this transaction indicates that people have begun to accept electric and plug-in hybrid vehicles. However, transactions for still-in-use gasoline and diesel power trains have climbed by 10.7% and 9.8%, respectively.
Almost 48,400 cars in 2021 were recorded by police as stolen which is 1600 more than the previous year, said by DVLA. The criminals targeting Range Rovers, BMW, Mercedes- Benz.
The survey tells only 40% of consumers is checking the car components. Like, windscreen, wipers, tyres and lights were working in good condition. The key point of analyzing this is buyers should keep mandatory for checking the vehicle MOT and the service history to conclude the vehicle health condition.