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Click the thumbs up >Car auction firms believe that values for used petrol and diesel cars will remain strong or could increase, despite a decline in the used car market.
Motor auction members of the National Association of Motor Auctions (NAMA) have told the trade body that internal combustion engine vehicle values have held steady during the recent lockdown in the United Kingdom.
In a recent survey it found that 90% of respondents believe both petrol and diesel values would remain strong or further increase. Auctioneers also say first time conversion rates are performing well, with 67% expecting rates to increase over the next month, with the remaining 33% expecting them to stay the same.
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.
January 20, 2021
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RCLCO’s end-of-year Sentiment Survey found real estate participants are significantly more negative about the housing market compared to 2019. The Real Estate Market Sentiment Index (RMI) closed out 2020 with a 31.6 the second lowest number ever recorded. But RCLCO remains optimistic about the future of the real estate market due to the strong and swift rebound of RMI between quarter three and four in 2020. The lowest level RMI ever recorded was 9.2 during the middle of 2020. Survey respondents are increasingly optimistic that the market will turn around and regulate sometime during the next year, says RCLCO.
This sense of optimism is reflected in the future RMI of 68.2 presaged by the survey respondents over the next 12 months, which is typically a value that is indicative of strong market conditions. This forward outlook is among the most optimistic recorded since year-end 2015.
By Brian Roach
Jan 07, 2021
Public-sector agencies are in a tricky spot. Due to significant pandemic-related impacts on 2020 tax revenue, current challenges will only continue to mutate and persist throughout 2021. The Catch-22 of it is this: Government agencies (especially on state and local levels) will likely have significantly smaller budgets than at any time in recent history, while it’s never been more important they make significant investments in their workforces.
In fact, COVID-19 has continually validated the need for digital government. Agencies that already had modern technology platforms in place those that allowed them to adapt to new working realities and maintain operational continuity have leapt further ahead, while the digital “have-nots” whether due to budgetary or regulatory challenges, outdated workplace culture or competing priorities have only become more hamstrung. The time to close the gap must be now.