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.
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.
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