Used Marketplace Review While April is punctuated with the first of the year’s holiday seasons, it has still been a great selling month for XBG and our clients. Usually school and public holidays herald a flurry of sun seeking getaways and most often a dip in Trade buying. This year the general shortage in stock from some many auction vendors
Given the current political and economic climate in the UK, there was little change in the used vehicle and plant markets during the summer. The clearly deliberate hesitation by the Bank of England to reduce interest rates during the months leading up to the General Election created another stagnant market place for used vehicle sales, with forecourt transactions dropping way
HEADLINE NEWS As is normal for the first quarter of the year, following a quiet December and Christmas period January saw a fairly prominent upsurge in retail demand at the forecourts, with some traders reporting they were “very busy”. This created some very good selling conditions at auction in most sectors, with some very good conversion rates of sold stock.
HEADLINE NEWS The used markets remained very buoyant for much of the Spring in most sectors, despite the ongoing world issues with energy prices and the Ukraine war. It would appear that the average used buyer is putting these issues to their back burners and getting on with life, making the purchase of the used vehicle. Of course, the continuing
HEADLINE NEWS The early part of this year generally provided a very good month for used vehicle sales, helped by a continued lack of any real volume at auction centres around the country. This was the scene at Aston Barclay Westbury Auctions in the middle of the month where a reasonable size selection of LCV’s sold extremely well. However, like
Now the dust has settled following the late Monarch’s funeral in September, there were signs that the public were returning to the forecourts and in reasonable numbers. That was until the full implications of the Chancellors ‘Mini Budget’ later in October dawned on people, with much media hype surrounding mortgage repayments doubling by this time next year, energy bills rising
Market Review Whilst the Government eased restrictions back in September, with the Covid virus seemingly under control, it seems that as we now head into deep winter the numbers are again spiraling ever upwards. Pressure on the hospitals could result in further restrictions being put in place which, in turn will impact on the used markets. However, as we have
Market Review As the world continues to wrestle with the impact and effects of the Covid19 pandemic, the used vehicle markets have proved to be remarkably resilient. The first quarter of this year was largely spent in lockdown around the country and it is fair to say that the car markets probably suffered more than the LCV, Truck and Plant
Market Review Since our last blog, the market has now really divided into two halves of success and mediocre; LCV’s remain extremely popular attracting very strong pricing whereas the car market is now struggling with a real lack of demand at the forecourts. Many car dealers have left a fair number of their staff on the Government furlough scheme, as
Following yesterday’s news about the release of this latest lockdown and of the Xmas celebrations allowed, the markets carry on seemingly unaffected by this statement, at least so far. The car markets have since the commencement of lockdown 2, been in freefall with prices dropping off dramatically. Indeed demand is now so poor that it is really just anything different