Demand for used cars is up 15% since last year, according to an analysis of drivers’ search behaviour on the AA Cars platform.
The analysis, which focused on data from 48 major UK towns and cities across September, revealed that interest in second-hand cars has gained momentum since forecourts re-opened in June.
Initially, searches in June spiked to 9.1% above pre-pandemic levels, but the analysis revealed a further 4% increase in demand by September. Certain areas, such as Glasgow, recorded a rise in demand of almost a third (32.2%).
James Fairclough, chief executive of AA Cars, welcomed the news after the industry “endured a big decline in sales during lockdown”.
Fairclough believes the market trends are attributable to factors such as the current global recession, alongside individuals looking to ensure social distancing. “The used car market continues to offer an enormous amount of choice to drivers at all price points, and changes in commuting habits may be leading more people to purchase a car so they can avoid public transport.”
This stance is supported by government data, which shows National Rail usage only reach 40% of normal journeys in September, whilst car usage hit 92% of normal levels.
Fairclough continued: “The large range of affordable cars on the second-hand market means that drivers who need a new or replacement vehicle, but also have concerns about job security or the state of the economy, can easily find one to suit their budget.”
However, Fairclough warned of potential issues for second-hand buyers: “It is more important than ever that drivers take care when buying a used car.