Thursday 14 December 2017

Slowdown in UK imports: a pause or a levelling off?

Used cars
Used cars
Eddie Cunningham

Eddie Cunningham

It is too early to say, but maybe not too early to ask: Is the surge in used UK imports levelling off? Latest figures would suggest so, but we'll have to wait a while because Easter may have impacted on activity during April.

As of Monday night, the number of registrations was 5,666. That's down just 20 on all of April 2016 and could pull way ahead over the remaining few days of the month.

But is it likely to reach the proportions of increase reached in the course of the first three months of the year? Official SIMI statistics show there was a 67pc increase in January, 46pc in February and 56pc last month.

Those hikes contributed to an additional 10,000 used cars coming in this year, with the total to run over the 30,000 mark by the end of April compared, with 20,971 for the first four months of 2016.

According to the SIMI, used car imports are mostly aged three to five years, reflecting a shortage of second-hand vehicles from the 2009-2013 period.

SIMI's Alan Nolan said in the recent Quarterly Review, while the number of 'nearly new' imports is relatively low, the overall volume of cars coming in is impacting indirectly on new-car sales.

Indo Motoring

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