Following a frantic September which saw car retailers fight to sustain the market’s COVID-19 recovery Cazana director of insights, Rupert Pontin, believes a volatile period of used car pricing trends lies ahead.
UK car dealers must step up their digital services or risk being left behind, as the COVID-19 pandemic has led many customers to carry out more research from their sitting rooms before they visit car showrooms to agree the deal.
Following clarification on car dealers ability to trade in the COVID-19 coronavirus lockdown Cazana's director of insight, Rupert Pontin, asks whether 2020 used car demand could actually be higher than 2019.
Auto Trader has urged used car dealers to resist the temptation to reduce the values of their vehicles to retain hope that the market will “pick up where we left off” after the COVID-19 coronavirus crisis.
January’s usual flurry of new car discounts appear to have failed to generate the “boost in fortunes” usually delivered by the first month of the new year, according to Rupert Pontin, director of insight at Cazana.
Car dealers may experience a used car sales performance blip after voters head to the polls for today’s General Election 2019 but the sector is “performing pretty well” in challenging times, according to Cazana.
October has been a volatile month politically and economically with warnings around future investment in the UK and the viability of running certain business types amid major UK business failures in the retail sector.
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