Experian reports used car sales down in Q3
Used car sales fell by 4.9 per cent during the period July – September (Q3) this year, according to the latest statistics from Experian®, the global information services company.
The biggest casualties in the used car market during Q3 were the mini and lower medium segments, which saw sales fall by 5.2 per cent and 5.8 per cent respectively compared to Q3 2008. This contrasts with soaring new car sales in these segments during Q3*.
The scrappage scheme is the reason for the decline, with new car sales of the mini and lower medium segments soaring in the last quarter.
Mark Nuttall, General Manager of Experian’s Automotive business, said: “Although demand for used cars over all has declined, cost savings and value for money are certainly still focusing the minds of car buyers. Cars that are cheaper to run, such as electric, diesel and hybrid, are continuing to see sales rise.
“Used smaller were the most affected as buyers took advantage of the scrappage scheme and bought new.
“Used sports cars, however, are bucking the trend, with demand for diesel models in particular seeing a 75 per cent increase in sales.”
Full report from Experian here…Used car sales figures Q3 2009
The Motor Trade Insider Guide To Buying New Cars
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According to recent research used car buyers are most likely to buy a blue or black 5 door hatchback which is 3 years or older. Does that sound like you? 
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It’s not suprising that used car sales are down. The Cash for Clunkers program caused used car prices to spike when it destroyed 690,000 running cars. Cash for clunkers had many negative consequences beside raising used car prices. It greatly reduced car repairs and car donations.