As we now slowly but surely head out of lockdown all auctions have now resumed working, albeit in an online method of sale only. Currently there is no possibility of buyers or vendors attending the auction sites on sale days because most cannot enforce the strict social distancing rules laid out by the Government. Rather interestingly, one auction has managed
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Many of the auctions are now operating online only sales for the time being and for the most part they seem to be working well so far. Generally speaking, prices are not too removed from where they were pre-lockdown back in March so no nasty surprises at the moment. We are really waiting for a more normal supply situation, when
Used Markets Were Stable After a pretty good winter trading period, both the car and commercial vehicle markets remained in good shape as we headed into Spring. However the Coronavirus crisis started to impact trading on dealer forecourts in late February and, by mid-March it had caused retail activity to reduce by as much as 70% in some cases. And
Used Markets Remain Very Strong The theme of stock shortages continues this month, with just about every auction site reporting lacking any decent levels of stock direct from fleets. This does translate into strong prices being paid for some stock, with CAP values increasing on most vehicles this month over October. Car Markets Whilst we are seeing demand for many
Used Markets Remain Steady Yet again this Winter the markets across the board were ok, if not on fire. The car market is beginning to suffer from a lack of retail demand at the forecourt, courtesy of Brexit uncertainty. It never takes much to upset the equilibrium of the markets in normal times, Brexit is certainly now having an impact
With normal trading now resumed from the dark days of winter, both the car and commercial markets have remained stable this quarter, with some retail deals being done. Indeed the trade are currently very positive about the markets as a whole and see little change to this positivity for the rest of 2018. But the overwhelming commentary from dealers at
A Buoyant Trade in August This August must rank as one of the best summer holiday trading periods at auction that we can remember, with pretty much everything being offered selling and for strong money. In many cases, clean stock was making well over the Book guide price. The really weird thing is that, talking to the traders after the
Election Finally Over! Following the, perhaps unsurprising election result, it seems fairly likely that the used vehicle markets and the economy as a whole, will now simply stumble along as before. Whilst the markets remained fairly stable in the lead up to the election, most traders would agree that business was not buoyant, merely stable. It was hoped that with
Used Marketplace Trade Talk; January Trading Slow to Start Following the Christmas break, auction houses got into full swing right from the word go in January, with first week sales packed with traders. I say traders and not buyers because many appeared to be there to meet up and chat, rather than buy, as sales performances were generally down on December.
Used Marketplace Trade Talk Used Markets Remarkably Stable Despite the, rather rocky economic road that the UK finds itself on currently, the used vehicle markets have remained remarkably stable, with a very much ‘business as usual’ stance. There were some interesting warning shots fired during the month, about a possible post BREXIT manufacturing world, from outspoken Nissan CEO Carlos Ghosn.