The March used car market shows no signs of slowing down, in fact according to our sources around the country if anything - as stock levels decline and demand grows - prices are actually rising. … [Read more...]
Some positives from 2008 and here’s to a brighter 2009
As we welcome in 2009 and wave a not so fond farewell to 2008 we can reflect on what has been a roller coaster ride in the car trade. There has not really been a day when any good or positive news has been announced. … [Read more...]
Confidence in used cars
I would like to share some stats with you about the reality of buying used cars in Britain today and maybe it could instill more confidence when making that next choice. Although used car sales fell to 7.1 million in 2007 UK drivers still spent a staggering £33.3 billion on used cars making it the 2nd highest figure ever recorded! … [Read more...]
Motor retailers’ share prices take a hit
Share values of motor retailers listed on the London Stock Exchange took a hit this morning, a day after Pendragon's gloomy statement and revelations of its redundancy programme. Within two hours of the market opening, share prices began to slide for all dealers except HR Owen and Caffyns. Lookers dropped 4.9%, Pendragon 5%, Vertu Motors … [Read more...]
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