September set to be ‘pivotal’ for used car market

September 2014 could be a “pivotal” moment for the used car market in the UK.

That’s the view of Glass’s chief car editor Rupert Pontin who said volumes of used cars in the trade were set to rise.

“We will start to see an increase in the volume of used cars coming to the market as a direct result of the increase in registrations following the recession,” said Pontin.

“There will still be a plethora of base and low spec level cars that have been used predominantly for business, and as such will not achieve the best condition grades.

“The trade has long been concerned at the volume of poor quality low specification C and D segment diesel models typically favoured by companies for staff covering significant mileages that have been floating around unsold in auction centres and wholesale channels for several months now,” he said.

According to Pontin, cars will have to be cheaper to sell after September when more attractive part-exchange vehicles hit the market.

“From September these cars will not only need a bit of love to get them sold but also a more considered view on pricing as they will start to compete with cars that will be de-fleeted as a consequence of the plate-change but having come from the perk car user,” he said.

But, Pontin said overall September was unlikely to provide many surprises and dealers will welcome the superior stock coming to market

Original Story taken from Motor Trader News – http://www.motortrader.com/automotive-news/september-set-pivotal-used-car-market-volumes-set-rise/

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