Fleet News

Used car boom

THE UK used car market grew to 7.33 million units last year, nearly three times the size of the new car market.

An additional 442,514 used cars changed hands last year, compared to a 216,580 increase in the new car market, which celebrated a record year. It comes as Britain's car parc reached 27.7 million, or 1.1 cars per household, according to R L Polk, one of the world's largest specialists in automotive analysis.

There were 732,549 more cars on the road last year than during 2000, with 9% of cars less than one year old, although the average age of the entire car population is 7.3 years.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee