Hot on the heels of news from the SMMT about record numbers of new cars bought in 2002, it seems the right used car buy is proving just as popular.
Evidence comes from Vauxhall’s used car operation Network Q which has racked up another ground-breaking year. A total of 122,709 cars were sold through the Network Q programme in 2002, beating a previous high of 119,000 in 1999, and an increase of over 22% on 2001’s total.
Sales in the first year of Network Q operation in 1991 were 40,600.
Network Q Brand Manager Andy Robson said a number of factors contributed to the 2002 sales, including increasing use of the internet.
"We have noticed a marked increase in traffic on our web site such that we saw nearly two million vehicle searches last year, leading to greater number of purchases. In addition, at the start of the year, we changed the qualifying thresholds for cars to any age or mileage, provided they could still meet the necessary quality standards.
"Our recently introduced MOT insurance cover is also proving popular as it gives customers the assurance that should their car fail its first MOT, Network Q will contribute £750 to any repair bills."Published 10 January 2003