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."