Wednesday, September 12, 2007
Dealers battle for the right used cars
This month’s new car registration plate change is not generating quality trade ins, forcing dealers to battle for the right cars, according to Glass’s Guide managing editor Adrian Rushmore.
Scramble
“Dealers are having to scramble round for stock, because part-exchanges are not coming in thick and fast or of the quality needed from September sales,” said Rushmore.
"Part-exchanges are not coming in of the quality needed from September sales,”
However, he believed the situation would ease, probably from next month, as the 57-plate beds in and more vehicles filter through. “Trade demand for used cars will improve, prices will stabilise and even improve in some places. At this point there's no suggestion that the market is going to be particularly difficult long term.”
During the next six months he predicted a gradual softening of used diesel residual premiums, but insisted values would not crash.“Over the years commentators have been reflecting wrongly that the supply of diesels will impact on used values, and that there is a crisis looming, but demand from customers has grown with supply,” he said.
DATED: 12.09.07
FEED: MT
