Used car market to be undermined by discounted new cars in 2013

Motortrades Insight Magazine Online About Us Contact Us

Home Finance Reviews Under The Hood Motorsport Business Profiles Archive Related Tags: Used Cars, Dealers, Used Vehicles, Car Dealers, Dacia, Europe, New Cars, Registrations, Values, Forecast Used car market to be undermined by discounted new cars in 2013 By: Danny Hewitt Ref:A00024 Published: 6 January 2013 CAR EXPERTS have warned that trade values for used vehicles will 'almost certainly' be undermined by the on-going pre-registered brand new cars available from main dealerships.As manufacturers continue to drive more cars into the British market, with the UK's automotive sector looking increasingly stronger, dealers are buying stock in preparation for the traditional January surge in retail activity, according to CAP Black Book Live, who supply vehicle valuation data to the automotive industry. dummy banner

Used car dealerships may have to innovate to survive the increasing competition from budget brands and discount cars / Koji NakayaIt was originally forecast that trade prices for used cars would be strong until the middle of next year. "The only restrainer on a substantial rise in values during the first part of 2013 is pre-registrations and the pressure on prices created by a super-abundance of late plate cars," said CAP's Communications Manager Mike Hind. "This may be good news for hard-pressed dealers but fleet and contract hire disposers - and anyone else selling their cars into the trade - need to be aware that the on-going level of pre-registration activity will inevitably impact throughout the market." The demand for high quality three-year-old cars is particularly strong although 'ready to retail' cars are increasingly rare as the market is swamped with ex-fleet vehicles up to four-years-old and jaw-dropping mileages - taking too much cash for dealers to make the cars attractive for sale to ordinary drivers. He added: "We are fast approaching the point where there is nowhere for late plate values to go without forcing a reduction further down the age bands. Looking at the state of the Eurozone economies, we see little likelihood of the pressure on Britain to soak up this new car supply easing any time soon. "Manageable levels of pre-registration are a perfectly sensible approach to car retail. Not only does it keep people in work throughout the new car supply chain, but provides consumers with genuine value for money choices." As the economy gets back on track, and dealerships offer attractive financing options for purchasing new cars - as well as the introduction of budget brands such as Dacia and several emerging manufacturers from China - used car dealers may have to innovate and branch out into new areas to compete and survive. Have you been affected by this story? Perhaps you are a used car dealer and are feeling the struggle or maybe you have innovated and added a little extra zest to your business? We'd like to hear your story. Please email danny.hewitt@motortrades.co.uk. Related Articles // More Like This dummy

Car finance sees 28 per cent growth in January as more drivers rely on borrowing to buy new cars SQUEEZED drivers are resorting to car finance in desperate efforts to fund their new cars, according to new figures released today. In January, a total of 43,175 new cars were bought with finance th dummy

Car Dealer News: Confidence for independent car dealers at an all-time low in tough climate Confidence among independent used car dealers is continuing to slide, according to the used car valuation experts, CAP Automotive.One of the problems they face is increasing difficulty in sourcing t dummy

Car dealerships need to 'be active' in finding 'newly qualified youngsters' to help reduce youth unemployment Steve Nash, CEO of the Institute of Motor Industry (IMI), is urging the retail motor sector to capitalise on the opportunity of increased new car sales with a greater commitment to apprenticeships a 123 « Previous Article Next Article »

News 24/7 MotorTrades Insight are now official news providers for NewsNow. Top Stories // This Week lithium-ion-battery-designer-and-producer-rebranded-after-takeover

Lithium-ion battery designer and producer rebranded after takeover. One of Europe’s foremost designers and producers of lithium-ion battery systems for high performance hybrid and plug-in hybrid vehicles has been rebranded.Following its acquisition by Johnson Matthe... more-effort-needed-by-councils-to-reduce-potholes

More effort needed by councils to reduce potholes. Councils need to commit to long term funding to see progress with the UK’s pothole crisis, according to road safety charity IAM (Institute of Advanced Motorists). The IAM recently surveyed loc... fords-luxury-high-tech-kuga-titanium-x-sport-series-set-to-boost-companys-sales

Ford’s luxury ‘high-tech’ Kuga Titanium X Sport series set to boost company’s sales. With around 7,500 sales in the year to date, those seeking a sportier spin on the ever-popular Ford Kuga will be able to do so from today.Ford has announced that customers will today be able to orde... ferrari-458-speciale-set-for-frankfurt-motor-show-debut

Ferrari 458 Speciale set for Frankfurt Motor Show debut. The 458 Speciale is the latest product of Ferrari’s core philosophy of extreme technological innovation and research which, in this instance, has yielded powertrain, aerodynamics and vehicle dynamic... only-half-of-motorists-realise-cost-of-labour-is-covered-by-warranty

Only half of motorists realise cost of labour is covered by warranty. A survey of 2,000 British car owners has revealed that almost half of motorists mistakenly think their extended warranty cover doesn’t include the labour costs involved to conduct the repair, result... quirky-kia-niro-concept-set-to-be-unveiled-at-frankfurt-motor-show

Quirky Kia Niro concept set to be unveiled at Frankfurt Motor Show. Kia has confirmed that its dramatic new European concept, to be unveiled at the 65th Internationale Automobil-Ausstellung (IAA) in Frankfurt, will be called the Kia Niro.The Kia Niro hints at a poss... european-union-funded-powerdriver-project-reaches-crucial-stage-in-turning-waste-heat-into-electricity

European Union funded PowerDriver project reaches crucial stage in turning waste heat into electricity. The European Union funded PowerDriver project - a two-year research project initiated in February 2012 - has reached a crucial stage.The PowerDriver project is a collaborative research initiative in... salon-priv-three-must-see-cars-at-this-years-concours-delgance

Salon Privé: three must-see cars at this year’s Concours d’Elégance. Motortrades Insight readers are in for a treat, as we’ll be publishing exclusive photos after attending this year’s Salon Privé in early September.This year’s Concours d’Elégance at Salon Privé, wit... international-van-of-the-year-2014-the-new-ford-transit-connect

International Van of the Year 2014: the new Ford Transit Connect. The new Ford Transit Connect has been named “International Van of the Year 2014” at the COMTRANS commercial vehicle exhibition in Moscow as Ford becomes the first single manufacturer to win the awar... nissan-friend-me-concept-makes-european-debut-in-frankfurt

Nissan Friend-Me Concept makes European debut in Frankfurt. The Nissan Friend-Me concept has made its European debut today at the Frankfurt Motor Show.Combining striking design with an advanced premium interior, the Friend-Me concept car is a fascinating exp... porsches-le-mans-prototype-1-sees-first-test-drives-ahead-of-2014-world-endurance-championship

Porsche's Le Mans Prototype 1 sees first test drives ahead of 2014 World Endurance Championship. The countdown to the 2014 sports car racing season has begun. Following its successful launch in June on the company’s test track in Weissach, near Stuttgart, Germany, the Porsche LMP1 sports protot... Company Info // Get in Touch © Motortrades Insight Limited 2012 - 2013 Tel: 0844 656 1808 Email: accounts@motortradesinsight.co.uk Motortrades Insight Limited trading as motortradesinsight.co.uk Registered Address The Coach House Baddow Park West Hanningfield Road Great Baddow Chelmsford Essex CM2 7SY Company Reg: 07302221 VAT No: 120173663 Links // On The Web >> >> Subscribe to Mailing List >> Advertise on Motortrades Insight >> Motorsport News >> >> Motoring Industry News >> Blog >> Used Car Buyers Guide >> Link To Us >> Ratecard >> Privacy Policy >> Terms and Conditions Twitter // Follow Us Cookies on Motortrades Insight

Like many popular websites, Motortrades Insight uses some third party widgets that may set and may have already set cookies, for example the Twitter feed on our homepage. For more information see our cookie policy. By clicking close and continue you agree to our use of cookies.