Used car market gets good prognosis for 2011
So says KeeResources, a leading provider of automotive data to vehicle manufacturers, which adds that the healthy state of the market should be maintained providing demand continues and buyers can gain ready access to the necessary funding.
Managing director Denis Keenan said: 'Clean two to four-year-old de-fleeted cars, with mileages ranging from 20,000 up to 100,000, are commanding good prices at auction with plenty of bids per car.
'With used car prices likely to achieve almost record values at auction again this year, the used car remarketing landscape is also changing.'
He added: 'The ease and ever increasing confidence of buying on line now allows dealers to participate in the market directly from their sales managers' desk. This is assisting price stability, as greater numbers of used cars are now being sold direct to retailers rather than to the trade to trade on.'