VM problems ‘benefit’ used market says ECP’s Hamilton

“The used vehicle market has continued to benefit from the backlog on new vehicle production lines, which has been exacerbated by the tragic events in Ukraine” commented LKQ Euro Car Parts’ CEO Andy Hamilton, following the publication of SMMT registration data of Q1 2022. “That said, momentum has slowed throughout the quarter, as millions of households are now feeling the effects of the cost-of-living crisis”.

“These factors – which are also squeezing the new vehicle market – mean the average age of the UK’s vehicle parc continues to increase,” added Hamilton. “For independent garages, this bodes well in terms of inbound work volumes – provided MOTs continue to be an annual requirement. Policy makers ought to note that MOTs are even more critical to road safety as vehicles age”.

Andy Hamilton



“Our advice to garages is not to get too comfortable, and to future-proof their operations through investment in training and equipment. Record numbers of drivers purchased pre-owned zero-emission cars in Q1 – highlighting the need for garages to get hybrid and EV-ready,” he concluded.

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

Aftermarket firms that’ve failed to pay living wage named

One MOT centre owned employees more than £15,000; businesses were publicly named and shamed by the government

Read More

Movers & Shakers: Fueltone Pro brings in new addition

All the latest changes from across the sector, including new roles, promotions, and retirements

Read More

ELTA to stock Lucas bulbs at all Halfords stores

Pivotal factor of the deal saw all plastic packaging from Lucas and Halfords bulbs range removed

Read More

New grey area puts anyone who modifies a car at risk of prosecution

A workshop was recently found guilty of carrying out alterations to a car to make its exhaust louder

Read More

New EV-focussed government-funded course launched

The aim is “to help rapidly upskill” and “develop” those working to expand the UK’s public charging network

Read More

Go to comments

Your email address will not be published. Required fields are marked *