Economy growth is already impacting positively on the used car market, as reflected in Glass’s Q1 update.
Glass’s has reported an 11% increase in customers in the first three months of 2014, as well as increased sales in all major target sectors compared to this time last year.
Strong and increasing demand from the dealer, fleet & finance and insurance sectors is cited as one of the main reasons for success, as Ed Hummel, Glass’s sales director, said: “Without doubt we have seen a real growth in demand from customers in these key sectors. It’s a sign that the automotive industry is feeling more confident, and we are definitely seeing the green shoots of economic recovery.”
Hummel added: “Q1 was a particularly satisfying start to 2014 for Glass’s. Much of our focus is on nurturing and developing strong relationships with customers and so we’re delighted that our existing customers are choosing to grow their relationships with us, while many new customers are returning to Glass’s to obtain the most accurate used car valuations around.
“Q1 generally sets the trend for the forthcoming year. I think we’ll see sentiment in the used car market continue to strengthen over the coming months. Consumer confidence is improving, new car sales are increasing and that’s helping to drive volumes in the used car market. The outlook for this year should be a positive one.”