Strong used car demand continues at G3 Remarketing
The latest online event was "attended" by 386 registered buyers viewing a total of over 10,000 vehicle pages in just one eight-hour period. Conversion reached 88% whilst performance just topped 100% CAP across the board.
Director Matt Dale said: ‘Considering the volume of vehicles G3 currently handles, the online activity demonstrates that there is still a substantial demand within the marketplace.
'We accept that conventional routes to market have also experienced increases in attendances and results but as the market enters its historic quiet final quarter, the pressure will be on dealers to concentrate on sales rather than replenishing stock. Those who continue to utilise online purchasing channels have the greater possibility to capitalise on retail opportunities.’
Commenting on the short-term outlook for the used car market, Mr Dale said: ‘As we reported in early August, we expected the market to rally until late September/early October. This has provided a welcome relief for all considering the stagnant summer months which were unremarkable. We predict that volumes will increase over the coming weeks and envisage consumer demand to drop slightly.’