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UK used car market grows as electric vehicle sales rise 23%

The UK used car market recorded its second consecutive quarter of growth in Q3 2026, with battery electric vehicle (BEV) transactions increasing by 23.2% as more second-hand buyers make the switch to electric. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), a total of 2,030,619 used cars changed hands […]

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Introduction

Welcome to our Auto Finance community led by David Betteley

The auto finance industry is navigating a period of unprecedented transformation. From the accelerating shift from ICE to BEVs, to the entry of new global OEMs and persistent cost pressures, every link in the value chain is being tested. Regulatory scrutiny is also intensifying - most notably around commission disclosure - forcing lenders and brokers to reassess sales practices, transparency, and compliance frameworks. As the industry adapts to rising complexity and consumer expectations, we examine the forces reshaping auto finance across the UK and Europe.

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