AM Online

Dealer’s used stock too new, says EurotaxGlass’s

Used car buyers still want vehicles over three years old, while models less than one year old are most conspicuous on franchised dealer forecourts.

EurotaxGlass’s says market dynamics have changed as manufacturers force through supply, and dealer margins have been driven down on late-model used cars.

Analysis of current market data reveals that over 15% of all used cars on sale in Britain during October were less than one year old, while 20% are less than two years-old.

EurotaxGlass's predicts that numbers of under one-year-old cars will accelerate in the coming months, with tactical registrations and the high volume of cars sold into the national daily rental market forcing many nearly-new cars onto forecourts.

Adrian Rushmore, managing editor at EurotaxGlass's, says: "We now have the technology to assess demand by analysing consumer used car demand data from internet searches. Each week we analyse millions of internet 'click-throughs' and our findings reveal that cars registered in 2005 and 2006 have the lowest demand in the market and cars that predate 2004 have the highest."

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.