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Vertu Motors Plc

Used passenger car market exceeds new car market seven times in Jan-May

The primary registrations of used passenger cars in January-May 2019 grew seven-fold year-over-year, to 230,900, while only 32,200 new passenger cars were registered, the Ukrautoprom association has reported.

In May alone, only 30,900 passenger cars were registered, which is twice more than a year ago, including almost 24,000 used cars.

Vertu Motors Plc (LON:VTU) operates as an automotive retailer in the United Kingdom. The company sells new cars, motorcycles, commercial vehicles, and used vehicles, as well as provides related aftersales services. It operates a chain of franchised motor dealerships under the Bristol Street Motors and Macklin Motors brand names.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.