Fleet News

Fast turnovers

FAST cycle business accounts for more than a quarter of new car sales, according to statistics from information provider HPI.

It researched the period of ownership of 12.7 million vehicles registered since 1991 and found only 20% of new and used car sales stay with the same owner for two to three years, and 50% for more than three years. The remainder change hands within less than a year, including 12% whose ownership period is less than six months. Sales director Annette Mansfield said: 'The figures reflect the fact that quality 'one previous owner' cars form the bedrock of many profitable used car retailing operations.'

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


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