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Very challenging 12 months ahead traders warned
publication date: Jan 19, 2012
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author/source: Robin Roberts
Used car buyer confidence is unlikely to see an
increase in 2012 and may even decline, according to RAC Warranty.
Ian Simpson, sales and marketing director, said: "A used car is one of the single biggest purchases that a buyer makes and it is understandable in the current economic climate that spending such a large sum fills them with a high level of doubt. "As far as the mood of buyers is concerned, it is difficult to foresee any improvement during the whole of 2012." Dealers are more confident about the prospects for 2012 but it will still be a challenging year according to findings from a Manheim survey sent to over 5,000 franchised and independent dealers. Overall, 78 per cent of respondents believe that used car sales will either improve or stay at similar levels to 2011 and 22 per cent think they will worsen. |
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