Press release

SMMT used car transactions | Q4 2019

Auto Trader's Commercial Director, Ian Plummer, provides his view on the latest used car transactions from the Society of Motor Manufacturers and Traders (SMMT)

 

“2019 was an incredibly turbulent year, but regardless, the used car market weathered the challenges proving just how resilient it is with 7.9 million transactions, a very stable year-on-year performance despite those headwinds.

“Following the general election and our official departure from the EU, the dust is starting to settle and the new year is looking slightly more optimistic as consumers show signs of an uplift in confidence. In January alone Auto Trader had 58 million visits – a record breaking number. And our latest consumer research shows that 59% feel more confident in being able to afford their next car than they did a year ago, indicating a positive sentiment for the year. 

“To capitalise on this renewed confidence, retailers must now focus on ensuring they are stocking the right vehicles, and pricing them to the live retail market. Creating transparency to instil trust with consumers will also be key to standing out from the competition.”

For #newcar buyers looking to make their money go further they can do no better than @MGmotor! That’s according to over 181,000 car owners who voted in this year’s Auto Trader New Car Awards. Find out what owners said at https://t.co/CvwkAS1v2V #carawards #winners https://t.co/zjGHrf3r6P
Insight of the day: Demand for #newcars is surging on Auto Trader with enquiries for brand new vehicles up 206% year-on-year #atinsightoftheday https://t.co/hFqjr3SDO5
Insight of the Day: We've seen a shift in consumer perception, with 75% of car buyers on our site saying they were now comfortable visiting a #cardealer. #COVID19 d19 safety measures put in place by dealers were the key reason buyers felt comfortable visiting. #ATinsightoftheday https://t.co/S9JxfLux2D
We’ve just launched Highly Rated 2020 - recognising those #cardealers giving the very best customer service. If you’ve met the criteria then you'll have just received an email detailing what's next. Made the cut? Then share how your promoting your success using #ATHighlyRated https://t.co/RbHXHDhE6v
Tomorrow we’ll be announcing which retailers are #athighlyrated for 2020! Those that qualify will be receiving packs to promote their success to car buyers online and in their showrooms this week - stay tuned to find out if you’re highly rated! https://t.co/j2zk8dJSli
Missed this week's webinar with special guest @vertumotors? Well fear not - the whole webinar is now available on demand at https://t.co/A8vB2i49FU https://t.co/fpMbEkaRgB
Driving long distances? Well the best car for the job is the @UKVolkswagen Golf which scooped the Best Car for Long Distances award at the Auto Trader New Car Awards 2020. Find out what owners said at https://t.co/TAtdeRojpZ https://t.co/4Sj9ANaFK6
For those looking for a 7 seater you can do no better than the @VolvoCarUK #XC90. That's according to the 181,000 car owners who voted it the best 7 seater in this year's Auto Trader New Car Awards! https://t.co/M7t1X3Ic9S https://t.co/csJOtcU63N
Exactly one week ago @MrRoryReid & @ErinBakerMotors announced the winners of the Auto Trader New Car Awards – revealing the best #newcars in the UK according to over 181,000 car owners! You can check out the #award winners at https://t.co/FMgf5HByCM #ThrowbackThursday https://t.co/CLdSORmOV0
Exactly one week ago when @MrRoryReid & @ErinBakerMotors announced the winners of the Auto Trader New Car Awards – revealing the best #newcars in the UK according to over 181,000 car owners! You can check out the #award winners at https://t.co/FMgf5HByCM #ThrowbackThursday https://t.co/SAFHIczDhl

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