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September ’63-plate will see sales rocket

Time 8 years ago

Peugeot_new_car_offers_for_September_plate_change_Peugeot_45574-1THE ’63-plate changeover is expected to see used car sales rocket in the second-half of the year, due to an increase in new car demand.

Director of AA Cars, David Bruce, says that for every new car sold, at least three used cars change hands over subsequent weeks.

As Car Dealer reported last week, according to figures from SMMT, new car sales are expected to pass 2.2m by the end of 2013, showing an 8.4 per cent rise on 2012.


Meanwhile, during September, sales of the new ‘63’-plate vehicles are expected to reach 424,000.

He said: ‘Between September and November we’re expecting dealers to be busier than they have been for some years.

‘As September approached, dealer stocks have been run down in anticipation of the September car sales bonanza.

‘There will be a large influx of used cars being taken in part-exchange and, over the next three months, the used car market could see over 1.25 million cars changing hands.’


Bruce also explains that people are beginning to change their cars more frequently as the UK emerges from the recession, which will also contribute to the volume in sales.

‘During the recession, the number of people planning to change their car within two years had fallen to a record low.

‘Dealers are more optimistic than I’ve seen for a long time. With a lot of used cars coming on to the market there will be some deals to be done for the canny buyer.’

 

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Car Dealer has been covering the motor trade since 2008 as both a print and digital publication. In 2020 the title went fully digital and now provides daily motoring updates on this website for the car industry. A digital magazine is published once a month.

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