There’s been a sharp month-on-month rise in car dealers reporting the condition of used stock is improving – up from 20% in December to 33% now. Research from Startline’s January Used Car Tracker also shows that the percentage stating stock is getting older is also down from 30% to 23%. Additionally, 48% say that supply is improving - the best figure since 32% in October - while those saying it … [Read more...]
Used prices slipping back again
Used car sales have slipped back, said analyst Cazana's Director of Insight, Rupert Pontin. The car market in June 2021 has so far proven to be extremely exciting, and last week was no exception as both new and used car sales had another week of varied activity levels. - Used Car Sales Down -17.5% Week on Week - Cazana Used Car Retail Price Index Dips by -2% - The Volume … [Read more...]
Dealers doubts over stocking pile up
Findings from the Close Brothers Motor Finance’s Dealer Satisfaction Survey reveal 95% are confident about business prospects in the market for 2019, up from 93% last year. Of these, six in ten (60%) are ‘very confident’ about the business outlook for the year ahead. However, while the broad picture is one of confidence, there were some issues that have become more prominent in the last … [Read more...]
Low prices mean higher margins
A growing trend in recent years means that a sizeable minority of dealers and traders will continue to buy stock well into December in order to “grab a bargain,” says Glass’s. The vehicle data provider says that dealers are even willing to buck recent trends and acquire stock that needs more work, because the margins attainable are so much higher than usual. Rupert Pontin, director of … [Read more...]