Used car transactions rose by 5.9% in the second quarter of 2016 compared to the same period last year. A total of 2,008,439 vehicles were sold with prices underpinned by strong consumer demand. The performance over the quarter was strong despite a sharp decline in activity in June volumes which rose just 0.5% to 632,449
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Used car market sees 6% boost in second quarter
Dealers see growing use of PCPs for used cars
Dealers are seeing growing sales of used cars on PCPs with demand set to increase. According to figures obtained by Motor Trader from the FLA, in 2014 PCPs accounted for 33% of finance on used cars worth £3.5bn compared to 25% worth £2.3bn in 2013. John Hughes, a director with Mann Island, sees the market
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