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Demand for used cars is starting to accelerate as buyers look to make post-lockdown purchases, according to Startline Motor Finance.
The company says pent-up demand for used cars demand is now beginning to become apparent, following a “very busy” February and March-to-date.
Paul Burgess, Startline chief executive, said: “We’re not talking about a dam burst of demand suddenly being unleashed in the market or perhaps even the kind of sudden, strong demand that we saw last summer but there’s a detectable sense of the market just starting to rev up.
“What is probably happening is that there is a general sense of optimism as the vaccination programme rolls out relatively quickly and a gradual return to some kind of normality looks to be in reach. This inevitably feeds through into increased consumer confidence which is a major influence on used car sales.”