5:26 am, January 29, 2011
2011 will see a ‘fairly’ buoyant used car market believes automotive data providers KeeResources.
The firm predicts the used car market will remain buoyant due to there being more buyers than cars. However, KeeResources says this is dependent on buyers gaining access to necessary funding.
Managing director of KeeResources, Denis Keenan, said: ‘Clean two to four-year-old de-fleeted cars, with mileages ranging from 20,000 up to 100,000, are commanding good prices at auction with plenty of bids per car.
‘With used car prices likely to achieve almost record values at auction again this year, the used car remarketing landscape is also changing.
‘The ease and ever increasing confidence of buying on line now allows dealers to participate in the market directly from their sales managers’ desk. This is assisting price stability, as greater numbers of used cars are now being sold direct to retailers rather than to the trade to trade on.’
