2016 set to see record used volumes
Used car market volumes for 2016 are set to hit record figures, helped by strong demand, says Cap HPI.
The 2016 market is poised to exceed 7.7m vehicles, beating 2015’s figure of 7.2m.
The firm says the 2016 market is poised to exceed 7.7m vehicles, beating 2015’s figure of 7.2m and the previous 2004 record of 7,731,609 vehicles.
James Dower, senior editor Black Book at Cap HPI, said: “Strong demand has characterised the 2016 market. It has led to stable used values and supported strong results for the industry’s retailers.
“It looks like 2016 will beat a strong 2015 and the previous record of 2004. While 2017 isn’t without its challenges, motor retail is in great shape heading into the new year.”
For more of the latest industry news, visit www.fleetworldgroup.co.uk
Natalie Middleton
Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.
