Tuesday, February 06, 2007
Bank rate biting according to auctioneers
BCA is seeing evidence that the recent Bank Base Rate increase has contributed to a softening of demand.
"Consumers are cautious and the market is accurately reflecting this reality," said sales director, Mark Hankey.
"Franchised and non-franchised retailers are telling us that retail demand is respectable, but not as strong as expected nor as strong as the same period last year. This means good quality stock is more likely to sell first time for higher prices, while poor quality stock will be picked over and bid what it is worth or left alone."
DATED: 06.02.07
FEED: AW
"Consumers are cautious and the market is accurately reflecting this reality," said sales director, Mark Hankey.
"Franchised and non-franchised retailers are telling us that retail demand is respectable, but not as strong as expected nor as strong as the same period last year. This means good quality stock is more likely to sell first time for higher prices, while poor quality stock will be picked over and bid what it is worth or left alone."
DATED: 06.02.07
FEED: AW
