Used Car Transactions in the UK and Malayasia's SME Loans
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Highlights
United Kingdom
Used car transaction figures from SMMT (Society of Motor Manufacturers & Traders) are now available, enabling users to track the U.K. used car market.
In the chart below, we sliced the series into yearly segments in order to assess 2024’s performance so far. It appears that U.K. used car sales are following their seasonal pattern, as the drop in June highlights. In overall, 2024 is currently on par with the average transactions figures of the past 9 years.
Note: 2020 is not included in the calculations to remove significant outliers.
The first chart highlighted that the U.K. used car market in 2024 is tracking its average monthly transaction levels from the past 9 years.
In the second chart below, we chose to look at the historical used car sales on 12 months rolling sum basis. The pandemic impacted heavily the market with an immediate 25% drop from the aggregated levels in March 2020. Extending the series with its pre-pandemic trend line – displayed in green in the chart – allowed us to get a projection of where the market should have been at today: user car transactions are still today 10-12% below the pre-pandemic trend levels.
Malaysia
We’ve complemented our coverage on Small & Medium Enterprises loans statistics with the addition of impaired financing per sector. The dataset also breaks-down the financing source, between commercial banks, islamic banks, investment banks, and development financial institutions.
The pie chart below displays the most recent percentage distribution of SME impaired loans among sectors, highlighting that the main 3 impacted ones are “Wholesale & Retail Trade”, “Construction”, and “Real Estate”, totaling a bit more than 60% of the total SME impaired loans.
