Used car sales increased by 7.8% in October against the same month last year.
Dealerweb also reported an 18.1% increase in used vehicle finance and a 15.4% increase in GAP insurance sales. Paint protection insurance sales increased 7.4%.
Martin Hill (pictured), managing director of Dealerweb, said: “It is clear that used car operations continue to provide a valuable revenue opportunity for dealers across the UK.
“The data shows that all aspects of used car retail showed growth in October and we expect this to be a focus well into 2019.”
Finance penetration for used vehicles increased from 44.2% in 2017 to 48.5% last month.
Hill said the growth of used car finance presents a valuable opportunity for dealers as it lags behind new vehicle levels.
Overall used leads increased by 7% showing an increase in conversion by dealers on the same month last year.
Digital enquiries leapt by 15.6% while walk-ins dropped by 0.5%.
Dealerweb supports dealer groups, and independent retailers maximise their sales performance through better lead management and smarter customer communication.
> Dealerweb will be at our annual expo Automotive Management Live on Thursday (November 8)