Tactical registrations by car manufacturers impacted the used car market in April with sales of sub-12-month-old vehicles rising by 39.1% year-on-year, according to INDICATA UK's latest Market Watch report.
This surge indicates that car supply is nearing pre-Covid levels but raises concerns about potential long-term damage to used car values if the trend persists.
Currently, many nearly new used cars - especially electric vehicles (EVs) - are being registered but are not being wholesaled, as dealers are hesitant to increase their inventory of used EVs.
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Spotlight on the customer
In this issue:
What consumers really want - trends and habits dealers must understand to provide the right buying experience
Barriers to EV purchase - many private motorists need extra help before they take the plunge
Delighting used car buyers - it's essential for retailers to offer tailored experiences and great value
Aftersales customer care - valuable interactions are vital as dealerships face fishing in a diminishing pool
A customer-first future - Steve Young, ICDP MD, gives AM an exclusive insight.
Read nowAuthor:
Aimee Turner
Deputy editor
AM deputy editor Aimée Turner has been a specialist B2B editor and journalist covering the international transportation sector for more than 20 years.
She has specialised in the significant safety, regulatory, and environmental issues that impact advanced technology businesses in the pursuit of more efficient, safer and sustainable transportation modes.
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