Search    Tax & fuel calculator |
Dealers' dilemma over stock compounded by January VAT increase
publication date: Nov 24, 2010
|
author/source: Robin Roberts
Dealers are facing a
dilemma of whether to buy in used car stock now or wait until January,
according to Glass's Guide.
"Many dealers will still be addressing the agonizing decision to either buy now, or take a chance of buying in January when competition and prices are expected to be higher. Of course, this is an issue not helped by the increase in VAT from the 4th January," said Glass Guide managing editor Adrian Rushmore. Off road vehicles hold their values better than most other vehicles, according to research carried out by Glass's Guide. It said 4x4s took seven of the top 10 places when it comes to residual values after three years and 37,000 miles. "This is a remarkable transformation of fortunes. Only 2 years ago their anti-green credentials, coupled with high fuel prices and the threat of a massive hike in Vehicle Excise Duty almost threatened many of these cars with residual value extinction," said Glass's Guide managing editor Adrian Rushmore. Rushmore said the bad weather in 2010 helped the 4×4 sector retain their values. But it is the Volkswagen Tiguan mini-MPV that is the residual car king of the used car trade according to Glass's, retaining 68 per cent of its original new car price after tree years. In number two slot is the Mini 1.6 Cooper, 3 door which retains 65.9 per cent of its value, followed by the Honda CR-V 2.2 CTDi SE 5 door on 64.3 per cent. |
     Welsh travel servicesVisit
celticocean.co.uk  |
.gif){kind=small}