Market Review The summer months have been quite literally on fire at the used markets and that is pretty much across the board, cars, vans, trucks and plant. This has been despite the various Government restrictions and lockdowns, most recently of just 6 people meeting in any gathering, indoors or outside. This doesn’t affect the motor trade too much, as
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
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