Wednesday, 3 July 2013
Independent used car dealers are seeing an upturn in business, according to a survey of 100 businesses.
The CAP Dealer Insight Panel monthly survey found that 61 out of 104 dealers surveyed in May said their retail sales had increased compared to April and a further 33 recorded no change. Sales results were also significantly ahead of the same point last year.
According to CAP the mood is positive among independents with 84% of the dealer panel describing the current business climate as “stable”, “good” or “very good”.
Independent used car specialists had reported a challenging market until May.
CAP communications manager Mike Hind said: “Despite the UK economy struggling to make any kind of meaningful recovery this year, motorists are clearly in the market to replace their vehicles.
“We are seeing the strongest new car market in years as manufacturers promote the most attractive new car deals anyone at CAP has seen since our business started in 1979.
“But, although this means a lot of potential used car customers being tempted into new cars, good independent used car specialists are also winning motorists over with their own high quality, good value offerings,” he said.