Guernsey Motors

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Second-Hand Car Sales on the up at Guernsey Motors, Liverpool

Posted by Guernsey Motors Liverpool - Monday, 14 Sep 2015 12:11:43

Sales of used cars rebounds from a five-year low, with three-quarters of UK families now owning at least one car, new research finds.

A total of 9.7 million new and second hand cars were sold in 2014

The value of used-car sales increased to a record-high, as 7.2 million second-hand cars changed hands in 2014, new figures show and this increase was mirrored in increased sales at one of Liverpool’s longest established dealers, Guernsey Motors.

The report also said that the average age of the used cars sold climbed by more than 12 months to nearly 7 years and 10 months. It attributes this rise to the low level of new car production in the years immediately following the credit crunch.

The combined sales of 9.7 million cars in 2014 means that car ownership is also on the rise, up from a five-year low of 69% of households in 2014 to 75% in 2015. Dave Walls, owner of Guernesy Motors commented, “Many of our customers are now buying a second family car and chose Guernsey Motors because most of our used cars are late model, low mileage vehicles, representing good value for money and coming with our no-quibble 12 months parts and labour guarantee adds even more customer value, and that’s what people are now looking for rather than just the cheapest option.”   

The shape of the used-car market is likely to change as the new cars sold in the last three or so years start to feed into the sector in greater volumes which means we should find growing volumes of younger used cars available to meet the needs of our customers.

 

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