referring to The Britain used vehicle market remembered buoyant in 2017, by a decline of only one.one% across the year & eight.one mn cars changing hands.
The 4th-quarter results can be a prediction of things to come; the used vehicle market is usually a few months behind the Fresh market in responding to trends & changes.
Automotive analyst Cap HPI recorded a down in used vehicle values of one.one% in December, indicating greater stability in the market; values declined by one.six% the Former December.
too mirroring the Fresh vehicle market, sport utility cars were a fast-growing segment, by a nine.five% jump in request for the models.
Not if commonsense can prevailTen affordable aftertime classics on the used vehicle market right This time
Used vehicle transactions down one.one per cent in 2017, Fresh figures uncover
USED vehicle transactions in the Britain fell by one.one per cent in 2017, according to the community of Motor industrialists & Traders.
Q4 saw a further adverse fall, by used vehicle transactions dropping by five.one per cent.
For the entirety of the year, used diesel discounts were drop three.three per cent & petrol was drop four.three per cent.
‘This was then followed by slower discounts in subsequent months, in portion driven by a lack of portion-interchange supply because of reduce Fresh vehicle discounts.
‘In what’s been a turbulent year for diesel Fresh vehicle discounts, it’s interesting to see which used vehicle discounts of diesels in reality rose three per cent, When petrol declined four per cent.
Used vehicle discounts rev up Pendragon shares
referring to vehicle dealer Pendragon’s shares have surged further than 15pc after a powerful showing in its used vehicle arm.
The Inc. – 1 of UK’s biggest retailers of Fresh & used cars by 184 outlets – said annual income rose four.5pc to £four.7bn however pre-tax profit was drop ten.5pc at £65.3m after its margins took a “temporary” shock in the 3rd quarter of the year.
The performance for the year to the finish of December comes after formal UK registration information on Fresh cars – a proxy for discounts – dipped five.7pc final year to two.54m.
The decline has been blamed on a combination of economic doubt & confusion about the Gov.’s policy on diesel cars , that is holding back motorists from replacing their cars.
In October Pendragon chief executive Trevor Finn warned about the state of the market, telling the Inc. – that owns the Evans Halshaw & Stratstone dealerships – Guessed a pre-tax profit of £60m versus market expectations of £75m.
collected by :Haily Jackson