Thursday, May 03, 2007
Used Car Values under threat
A mix of over supply and longer vehicle lifespans could smash used car values and render some older models worthless, warned Manheim Auctions’ Rob Barr at the first Motor Trader Forum.
Barr: 32m vehicles have joined the market
“More used cars are being pushed at the consumer,” Barr told Forum delegates, warning that an extra 32 million secondhand vehicles had joined the market in the past six years.
“What are we going to do with these cars? Line them up bumper to bumper? That's 1,200 miles, or three times round the M25,” he said.
DATED: 03.05.07
FEED: MT
