Surge In Used EV Sales Drives Growth In The Used Car Market
The automotive industry in the UK is not merely predicated on the success of vehicle manufacturers like Mercedes-Benz and showrooms. It is a dense and diverse network of businesses and trades, from the designers on one side of the industry to the second-hand dealerships on the other – which together account for a near-£70 billion industry. Indeed, the health of the second-hand car market in the UK can be a useful thing to track regarding the health of the wider industry. It has reflected some of the key challenges facing the industry in recent years, with sales spiking through the microchip shortage of 2021 and slumping with the result of… Continue Reading »