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Cashflow is king as larger dealers pay premium for used car stock

Cashflow is king as larger dealers pay premium for used car stock
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Alex Wright , Shoreham Wright , Shoreham Vehicle Auctions , அலெக்ஸ் ரைட் , ஷோர்ஹாம் வாகனம் ஏலம் ,

Wholesale used car prices rise 8% since showrooms re-opened


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Used car prices at auction have risen by up to 8% in the last two weeks since showrooms were able to re-open.
Demand for used car stock is so strong that dealers are facing the challenge of buying used cars in the wholesale market close to the prices they are selling cars for on their forecourts, according to Shoreham Vehicle Auctions (SVA).
Some dealers are pre-empting this by increasing forecourt prices as they prepare to pay more for replacement used stock in the wholesale market.
Alex Wright, SVA’s managing director, said: “We have held five used car auctions since dealer showrooms opened and we have seen prices rise at every sale. This represents a price rise of up to 8% which reinforces that demand is quickly outstripping supply. ....

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