Used car demand hits record levels as dealers stock up on vehicles due ‘buoyant’ consumers

Used car demand hits record levels as dealers stock up on vehicles due ‘buoyant’ consumers

He told Express.co.uk: “Whether it’s pent-up demand after lockdown or a move away from public transport, the used car market is extremely buoyant. 

“Dealers are rallying right now, quickly stocking up so they can meet consumer demand for used cars.  

“We have seen 58 percent increase in the number of dealers looking to sign up to the Motorway platform to buy cars in our online auctions vs. Feb 2020. 

“Dealer stock purchases have grown 51 percent week-on-week since Motorway resumed trading on May 11th.  

“In fact, we saw a record number of dealer bids in our online auctions [on Tuesday] beating the previous record set last week by 60 percent.”

Published at Sat, 13 Jun 2020 05:01:00 +0000