Thursday, November 25, 2010
Dealers face dilemma on used car stocking
Dealers are facing a dilemma of whether to buy in used car stock now or wait until January, according to Glass’s Guide.
“Many dealers will still be addressing the agonizing decision to either buy now, or take a chance of buying in January when competition and prices are expected to be higher.
“Of course, this is an issue not helped by the increase in VAT from the 4th January,” said Glass Guide managing editor Adrian Rushmore.
“Everything now points to fairly orderly trading patterns between now and the end of the year.
“It would also appear that the opportunities to source the preferred used car stock will reduce from the auctions, wholesalers and manufacturers.
“However, this does not mean that the auctions will be short of cars in December, it is just that they are likely to be short of prime retail stock,” said Rushmore.
One areas of “slight concern” is the number of cars coming on the market with higher mileage.
“Vendors had to be very realistic about what could be achieved with cars at, or beyond, the 100,000 mark,” he added.
DATED: 25.11.10
FEED: MT
