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Used car values propped up by stock shortage

Home / News / Used car values propped up by stock shortage

Trade auction values for used cars are likely to remain high through to the year end, according to remarketing company CD Auction Group.

Buyers will have to pay more to secure the right stock for customers, said managing director Roger Woodward.

“The market is still tight so condition and specification remain critical.

“We know some fleet operators are tempted to extend contracts and that is adding to the supply issues,” he said.

According to Woodward, there are more active trade buyers at auction but they are being “highly selective”.

“On the other hand, poorly-prepared undesirable vehicles are being left on the shelf,” he said

Woodward said there were early signs of major fleet operators starting to remarket cars which were bought new in late 2009 when fleet sales started to recover.

He said some of the best stock is being kept ‘in-house’ and, where possible, going direct to franchise group retail sites.

Ends…………………

Data sourced from: MotorTrader.com and Motor Trader Magazine
who are part of: Metropolis Business Publishing, 6th Floor Davis House, 2 Robert Street, Croydon, CR0 1QQ