Although used car sales fell to 7.1 million in 2007 UK drivers still spent a staggering £33.3 billion on used cars making it the 2nd highest figure ever recorded!The fluctuation in used car units purchased has been as many as 1 million units in the last decade, what does this mean? Well in the current climate the numbers aren’t great but in a wider context the used car market has a general underlying strength, and shows resilience in this sector greater than in previous economic downturns.
The other interesting fact is that whilst the overall used car market dropped by 5.2% in 07, franchised and independent dealer’s sales fell by only 2.7% outperforming the overall market.
Does this mean that dealers are finally getting the message and providing a better service and more competitive deals, which will give customers more compelling reasons to visit them? It certainly seems that way although we all know there is a long way to go If the amount of advice we give out daily to all areas of the country is anything to go by then these same dealers, whether representing franchises or independents, requirement to improve in these difficult times will be more vital than ever!