Boom in Used Car Market in the Wake of the Pandemic
The pandemic hit the motoring sector in many different ways. During the first lockdown in 2020, the roads were clear and many people didn’t drive around at all. This led some people to sell their second car or even their main one which meant that there ended up being much more choice in the used car market for motorists to enjoy. As the UK has entered the final throes of lockdown and social distancing in 2021, so the used car market in the country has seen something of a boom. What are the implications of this nationwide phenomenon?
Firstly, it should be said that the choice of owning a second-hand car, as opposed to a brand-new one, is good for the environment. This is because used cars are effectively being recycled when they are purchased by new owners, helping to ensure that they enjoy longer working lives than would otherwise be the case. Even better, some of the most recent models on offer are very fuel-efficient nowadays and you can even find hybrid and all-electric cars among the very wide amount of choice.
Of course, the pandemic led some people to buy a used car for the first time. Maybe their income dropped so they needed to buy something other than a brand-new car for the first time? There again, some people decided that working from home meant they needed more than one car on the driveway, especially if one or more people in a household had been used to commuting by public transport. The more competitive pricing, the lower level of sales tax and the degree of choice have all been a part of why there has been such an upsurge in interest in the used car market in the wake of the pandemic.
Furthermore, some people who may never have considered buying a car from a used vehicle dealership before the pandemic have been pleasantly surprised by the experience. Far from being subject to dodgy wheeler-dealers who have a habit of selling duds, the majority of the UK’s used car dealerships are run to very high consumer standards. These days, warranties and full service histories are the norm with the used car market. You can buy used Nissan on sale prices from a credible dealership like KAP Motors Brighton. They offer pre-inspected used cars with genuine warranties and easy payment plans so you don’t have to save a ton before making your purchase.
As word has spread among car buyers about the joys of turning to a used car dealership rather than purchasing new ones, so more and more people have decided that the second-hand car market is for them. The boom in the sector certainly looks set to continue for some time yet!