« Reply #8 on: 16 January 2019, 13:25 »
There’s definitely a drought and dubber36 has it pretty spot on.
WLTP delays keeping turnover low at retail level will have even bigger impact for the fleet and hire companies.
Dealers snap up ex-VW UK fleet in closed auctions but also buy in from the leasing and rental companies, the latter are a big provider of very recently registered low mileage cars to the used forecourts.
There’s just so little coming through the system due to WLTP and general winter slow down in the trade.
I’ve had a few emails from dealer groups who are actively looking for used stock at a time of year when they’d really not want too much cluttering up the forecourts traditionally. The lack of new cars being delivered means there’s good demand for recent low mileage cars.
The flip-side being prices of used cars holding firm over winter when normally they’d drop off significantly.
I agree with kmpowell too in that discounts are dropping to around 10% now.
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