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.
Used Market Place Trade Talk BREXIT Debate Rages On Following the, somewhat shocking days and weeks following the BREXIT referendum, the financial markets were predictably thrown into chaos. The timing of the UK’s actual exit is yet to be decided and, that in itself continues to create uncertainty, as does the lack of any coherent political leadership currently. The used
Used Market Place Trade Talk This month saw a more stable market, after the return to work from the Easter break. Markets stabilised Both car and commercial sales have seen rises at the forecourt, with some dealers reporting a healthy increase in customers. This has had a positive effect at the auction halls, where some fairly frantic bidding has been
Used Market Place Trade Talk ‘Yo-Yo Effect’ The used markets for both cars and commercials remain in a constant state of flux. Week on week, we are experiencing great sales one day, and terribly ones the next, with similar stock being offered on both days! It is of course reflective of activity on the forecourts, which is almost unpredictable these
Used Market Place Trade Talk Christmas Market Closure As is usual, all auction sites closed their doors a few days before Christmas and did not re-open until January 4th. This of course creates demand for the first sales of the New Year but, this year the markets took off almost instantly in the first week. Usually, it is the 2nd
Christmas Markets Very Buoyant The markets in the lead up to Christmas have been surprisingly buoyant, for both cars and LCV product. This is largely due to the canny traders stocking up for a busy Christmas on their forecourts; they also know that they can often get some cheap stock, with many vendors anxious to get money in the bank
Markets remain Stable The markets for both cars and commercials have remained remarkably stable this month, with a fairly even supply of stock to the market. Retailers are reporting good demand too, helped by the latest offerings in finance packages, so stock is generally all moving well. 4×4 Sales Increase As usual at this time of year, 4×4 sales are
Used Market Place Trade Talk The August markets were extremely quiet, as predicted. As is usual at this time of year, the auction markets are very quiet, with most traders and dealers on holiday. Thus any sales at market tend to be less expensive than they would be in September; this makes our rostrum attendance even more important to ensure
Used Market Place Trade Talk The markets this month have seen further downward pressure on pricing. Part of the problem is the Guides, CAP and Glass. Both have (correctly) been reflecting price increases through the post-recession last 3 years, driven largely by a lack of stock in the marketplace. And so we reached the peak of the pricing increases earlier
Used Market Place Trade Talk The market slowdown that was detected last month continues. With the election now largely over, traders are breathing a collective sigh of relief at the ‘no change’ vote. Whilst the results may have provided some surprises, the reaction of the used markets did not; it was very much business as usual after the election, with