UK used car pricing was the strongest in Europe in July

Used car pricing in the UK was the strongest in Europe in July, new data has revealed.

Used car prices rose on average by 1.7 per cent helped by a 22 per cent shortfall in used stock in the market compared with April 1, Indicata’s latest report shows.

Consumer appetite for electric and hybrid cars continued, said the firm, with sales up 53.5 per cent and 51.2 per cent year-on-year respectively, while six-nine-year old used cars continue to be the most popular.

Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.

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