Thursday, September 07, 2006
Independents surge ahead in used car market
Franchised dealers are seeing their share of the used car market stagnate as independents continue to grab a larger proportion of sales.
Independents’ market share has risen to 34 per cent over the last decade, according to a new MFBI study by Trend Tracker, while franchised dealers have stuck at 28 per cent.
The report also forecast that used car demand would grow by 8 per cent between 2006 and 2011. But despite an upturn in the number of used car sales, the number of outlets selling used cars would continue to fall.
DATED: 07.09.06
FEED: MT
Independents’ market share has risen to 34 per cent over the last decade, according to a new MFBI study by Trend Tracker, while franchised dealers have stuck at 28 per cent.
The report also forecast that used car demand would grow by 8 per cent between 2006 and 2011. But despite an upturn in the number of used car sales, the number of outlets selling used cars would continue to fall.
DATED: 07.09.06
FEED: MT
