Car manufacturers and the iPhone generation

628 More

Earning the right to be successful

609 More

Knowledge is power

713 More

Selling cars – it’s all about timing

1,005 More

Truemag

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

Latest predictions foresee tough times ahead for used car market

People in the motor trade love to make predictions and, of course they are not always. That said, I predict many more predictions by voices within the trade before the year is out.

The latest batch come from car dealers, especially those in the franchised sector, who are predicting tough times ahead for the used car sector in the coming months.

However predictions of tough times for the used car market are not universal it would appear because it seems to depend on what franchise you talk about and in what region of the country you happen to be in.

We have long since given up trying to understand buying patterns and habits although according to many of our sources there has been significantly more activity in the latter half of July, and many of our contacts in the independent sector have had great results in the last few months.

We hear that there is a lot of ex-rental late plate Vauxhall stock around which some dealers are struggling to shift, even at substantial discounts so it is clearly a brand to look at if a bargain is what you’re after, especially Corsa and Astra models.

Many expect the levels of quality retail stock to reduce in the coming months which would potentially create a heating up of the used market in terms of pricing. This indicates that customers could be faced with a lack of choice and higher prices.

Of course with dealers bracing themselves for the rise in VAT, there will be substantial pressure to ensure that a good result is produced for the remainder of 2010.
This means there will have to be an increase in new car sales which at present, according to our sources, are significantly down compared to last year in many areas.

Aug 2, 2010In51der
  • Long lead times playing havoc with part-exchange valuations
  • Manufacturers and dealers roll up their sleeves for a tough year ahead
  • Report reveals there may be tough times ahead for car dealers
  • Making predictions is harder than ever
  • Crazy times but the used car market will find it’s true level
  • It’s never wise to make predictions in a volatile market
  • Whatever were they thinking?Want a bargain? Bag a Vauxhall
    In51der

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

    12 years ago Blog, Consumercar sales, economy, Featured, motor trade recession, new car buying, new car registration, new car sales, Used car buying, used car prices, used cars89
    Most viewed
    Top 100 UK Dealer Groups
    39,742 views
    The car sales process and the “9 point plan”
    11,803 views
    webuyanycar review – They will buy any car but beware of the asterisk
    6,186 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

    Auto Transport

    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