Transportation News / Stevenage Motor Centre Limited

Experian and the DVLA Says, Demand for Used Cars in 2014 Grows at a Record Pace

Via: ReleaseWire

Updated 4:15 AM CDT, Mon, March 16,2015

The latest used car sales data from Experian and the DVLA shows that people in the UK are once again buying cars.

Stevenage, Hertfordshire -- (ReleaseWire) -- 03/16/2015 -- After years of difficult trading conditions, used car dealers have been able to breathe a sigh of relief. The latest sales figures indicate that for them the recession is over.

When the recession struck in 2008 sales of both used and new cars in the UK slumped. Prior to the recession the sale of used cars in the UK were running at around 1.92 million units per quarter. Once the recession took a hold, sales slumped to below 1.5 million units per quarter.

In 2013, things were better with 1.82 million cars being sold, but that was still at pre-recession levels. For the last quarter of 2014, 1.92 million used cars were sold across the UK.

Currently there are plenty of used cars for sale in Stevenage and the surrounding area, but with sales as strong as they are many dealers in the area have fewer used cars to offer their clients. Overflowing forecourts are definitely a thing of the past. Fortunately, most people who are looking for a used car in the UK want to buy a vehicle that is less than three years old. The sales of new cars have taken off over the past few years and many of these vehicles are now re-entering the market as used cars. This means that used car forecourts are being re-stocked at a faster rate than they were, so there is no real danger of used car dealers not being able to find clients the car they really want.

There is also growth within the fleet car market. In 2014, new car registrations for the fleet sector rose by 9.3% year on year.

This increased demand for both new and used vehicles is being driven by the fact that many feel that the corner has been turned and that the UK is now coming out of recession. Falling fuel and food prices mean that UK consumers have more money available than they did. The same is true for businesses. Add in the fact that both groups now have easier access to low cost finance and it is easy to see why the sale of new and used cars is rising.

For more information visit the website http://www.stevenagemotorcentre.co.uk/

Contact Name: Michael Mccarthy
Business Name: Stevenage Motor Centre Limited
Address 1: 282 Broadwater Crescent
City: Stevenage
County: Hertfordshire
Postcode: SG2 8AQ
Country: United Kingdom
Phone No.: 01438 751603
Email: michaeljamesmccarthy@hotmail.com
Website: http://www.stevenagemotorcentre.co.uk/

For more information on this press release visit:
http://www.releasewire.com/press-releases/release-586339.htm

Media Relations Contact
Michael Mccarthy
01438 751603
Email: Click to Email Michael Mccarthy
Web: http://www.stevenagemotorcentre.co.uk/