Click the thumbs up >Dealer Auction anticipates a ‘used car boom’ this year, following a strong performance in Summer 2020.
The digital wholesale marketplace believes the used market is a “glimmer of hope” for the industry.
“It goes without saying that 2020 was a challenging year for the car industry. But it’s true that out of challenge comes opportunity – and, going into 2021, it’s clear that the used car market is more important than ever,” said Le Etta Pearce (pictured), CEO of Dealer Auction.
Reflecting on parent company Cox Automotive UK’s Q3 Dealer Sentiment Survey, which found that two-thirds (64%) of dealers expected used car transactions to increase in 2021; Dealer Auction believes this outlook is still realistic despite the UK starting the year by entering its third national lockdown.
Staff members at Shotts car auction centre self-isolating due to Covid-19
The Wishaw Press understands three members of staff at the Manheim Auction Centre in Stane Road have tested positive for the virus and are self-isolating.
Updated
Manheim Car Auctions, Shotts.
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Brexit uncertainty boosts âunseasonal dealer activityâ, says Cox Automotive
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Cox Automotive has seen “unseasonal dealer activity” towards the end of this year in the new car market ahead of a potential no-deal Brexit.
Philip Nothard, Cox Automotive UK insight and strategy director, said the forecast of 1.57 million registrations in 2020, down 32% year-on-year, is likely to be exceeded due to dealer registrations rushing to be made before December 31.
However, Nothard said not all of the December boost is down to Brexit uncertainty.
He said: “OEMs have also focused on registering physical stock to try to boost 2020 market share recovery. In the dealer sector, we see increased activity with the taxation of derogation and fully paid vehicles.”