Used car sales – more good news

EurotaxGlass’s are saying that they see a glimmer of hope for car sales.

“Despite widespread fears that the UK is entering an economic recession, there are grounds for cautious optimism about sales of new and used cars in 2009. According to EurotaxGlass’s, publisher of Glass’s Guide, the used car market is likely to be the first to recover from today’s lows, followed by a steady – albeit modest – upturn in retail sales of new cars. However, fleet registrations are expected to remain lacklustre, at least until late next year.” AutoWired

The information we are receiving from the market would indicate that used car sales in terms of volume are actually exceeding targets for the time of year in some sectors. The problem remains the offsetting losses of ex-demo, adopted and pre-registered stock in an attempt to keep stock turning. However distress selling will continue into 09 and then hopefully manufacturers will come into line with support on new cars and the improving situation economically will ensure used cars not only sell but can become profitable.