Car manufacturers and the iPhone generation

537 More

Earning the right to be successful

520 More

Knowledge is power

596 More

Selling cars – it’s all about timing

836 More

Truemag

  • Home
  • About
  • Advertise
  • Archives
  • Contact
  • Subscribe

Databases, analysis and snapshots but no predictions


Analysis by Experian Automotive shows that Greater London is the country’s MPV hotspot as the area grew by 19.0 per cent during the last three months of 2008. In addition,sales of used 4WD’s in Greater London bucked the national trend and increased by 14.1 per cent during the last three months of 2008. It will be interesting to see the next set of figures as 4WD cars in particular have made a spectacular comeback nationwide in the first three months of 2009.

Over all, across the country, last year used car sales fell by 8.5 per cent during October, November and December, bringing the used car sales figures for the year to 7,179,796 – down 4.9 per cent on 2007. Many predicted worse than that and the doom merchants will be scratching their heads at the sales records for all used cars being broken left, right and centre in 2009.

Kirk Fletcher, Managing Director of Experian’s Automotive division, said: “The latest used car sales statistics show that despite a greater focus on smaller, more economical vehicles, the fall in sales for the used supermini and mini segments were still on a par with, for example, the upper medium and the sports segments. It indicates that even in a downturn there is a certain degree of reluctance to downgrade in size.

“In the current environment, this kind of insight is crucial for dealers to help them identify which used vehicle types are proving most popular with buyers. Experian’s MarketView Online can help dealers analyse specific markets, understand key market trends, forecast and benchmark sales, plan stocking levels for used cars and quantify opportunities for vehicle servicing.”

The only thing is what they are describing is not the “current environment” and is a snapshot of the chaos that was around the used car market back in the last part of 2008. As we all now know the environment for used cars has changed beyond all recognition.

I wonder if they predicted the used car sales pattern for first quarter 2009? We stand to be corrected but the answer’s probably no because we think they would be shouting it from the rooftops if they did!

Mar 26, 2009In51der
  • Used car sales suffer slight dip in second quarter
  • Experian reports used car sales down in Q3
  • Experian reveal Q2 used car sales drop
  • MPV’s leading used car sales surge
  • It’s never wise to make predictions in a volatile market
  • SUV sales soar in London
  • Tata give government ultimatum on Jaguar Land-Rover jobsNissan global production down 50 percent
    You Might Also Like
     
    German new car registrations up 40 percent in June
     
    Shrinking number of used cars to retail leads to a change in thinking
    Comments: 1
    1. Hunter
      11 years ago

      With gas prices declining I have noticed that there has been an up surge of used cars sold at auctions. However, with the economy still in questionable condition many auto buyers are still cautious, and many used auto dealers are not snapping up as many used vehicles to place on their lots.

    In51der

    Motor Trade Insider - Bridging the gap between the customer and the Motor Trade

    11 years ago Blog, Consumercar sales, car sales figures, car sales statistics, motor trade recession, recession, Used car, Used car buying54
    Most viewed
    Top 100 UK Dealer Groups
    38,221 views
    The car sales process and the “9 point plan”
    10,561 views
    webuyanycar review – They will buy any car but beware of the asterisk
    5,327 views
    Most commented
    Car sales and the power of silence…
    25 Comments
    Car dealers still not prepared to play the “we buy any car” game
    23 Comments
    A Traders Tale – Part Four
    22 Comments
    Win a pre-loaded Ipod Shuffle!
    19 Comments
    Bargain of the Week – StreetKa 1.6i Luxury
    14 Comments
    Bridal Hair Berkshire
    Fox Body to 2018 Mustang Parts
    and Accessories
    About MTI

    Motor Trade Insider
    is written by people working actively in the motor trade for people on the inside and people on the outside.

    Our aims
    Build a bridge between consumers and the trade, create Interesting and informative content, break down barriers and create better understanding, expose bad practices and rip-offs and promote outstanding products and service.
    Have something to say?
    We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please contact us if you would like us to consider you. Make sure you give us details of your own blog or a link to some articles you have written.
    2017 © Motor Trade Insider
    Truemag theme by StrictThemes