Press info: Carfinance247.co.uk data shows massive growth in Q4 sales volume
Contradictory to what some news reports are saying, the used car sales market is enjoying a bigger growth in volume than the new car market – so says Louis Rix, Director at car finance and dealer specialists Carfinance247.co.uk .Figures* released this week from the Society of Motor Manufacturers and Traders (SMMT) show a 9.2% rise in new car sales in the final quarter of 2012 compared to Q3, 2012. Reporting on this, the BBC** commented that: Rising prices for second-hand cars, which are scarce following years of weak sales, could also have contributed to