Advertisement | The Surprising Growth in the Used Car Market Post Covid

Ad | Featured | As the world slowly tries to return to something approaching normalcy, even while Covid-19 is still making its way through communities, one area of business has enjoyed – and is continuing to enjoy – something of a high. This is the used car market, and it is booming for several reasons. Let us take a look at these.

Delays on New Cars

​This is something of a newcomer to the party, but the current global supply issues – worsened in the UK by the impact of Brexit – has meant that new cars are not being produced in quantities large enough to satisfy demand. This means that people driving very old cars that need replacing: for example, those that are ten years old or more and perhaps in poor condition, are switching to a second-hand car, just one that is less than five years old, or that is in better condition and more reliable than their current ride.

Personal Space

​The global virus has made us realise just how much we have to rely on the common sense of others when it comes to staying safe, and unfortunately, common sense seems to be anything but common in some areas! This has made the wary (or wise) feel that returning to public transport is too big a step to take at the moment, hence their preferring to invest in a personal vehicle of their own, either for the first time or in a return to driving having given it up for other reasons.

Eco-friendly Concerns

​These reasons can include worrying about the environment. The car industry is known for being heavy on natural resources: metals, the chemicals used in paint, the various fluids needed for the smooth running of the vehicle (fuel, oil, brake fluid etc). All of these require a lot of processing, which can be harmful to the environment over time. Buying a second-hand car means that much of this environmental impact has been mitigated by the passage of time: the older a car gets, the more 'diluted' its ecological footprint becomes, so making cars last longer means the planet will benefit in the long run.

Finance Friendly

​And finally, used cars cost less than new cars: even if they are in great condition and only a year or two old the saving can be immense. This saving continues as many insurance policies and taxes are based on the cost of the car, so you will save considerably more than you initially realised! If you are thinking of purchasing a car and feel inclined to give pre-loved cars a chance then we recommend KAP Motors. They offer a wide range of fully inspected second hand cars at very competitive prices. Schedule your free used car test drive today!

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