Second-hand car market revs up

Used-car sales rose year-on-year by 4% in the third quarter of 2010, indicating an improvement in the market, new figures have shown.

A report by data analysis firm Experian found that a total of 1.8 million used cars were sold from July to September 2010 - a quarter-on-quarter rise of 1.1%.

Findings revealed that the figure marked the first time since the beginning of 2006 when both annual and quarterly sales rose together.

According to the report, superminis, MPVs and 4x4s were the biggest sellers in the quarter, with Ford models being the most popular and accounting for 14% of used-car sales, and Vauxhall Corsa selling the most.

South-east England emerged as the region with the best performance - with sales rising annually by 8.4% to total at around 383,000.

Joe Myers, commercial director, Experian, said: "July to September is historically a slow period for used-car sales, which makes this improvement in sales volumes very positive news for the used-car industry.

"By taking advantage of market intelligence around car sales, dealers can use the surge in transactions to uncover the latest buying trends and adapt their stock offering to meet market demand and maximise sales opportunities."

Copyright © Press Association 2011