Monthly Motor Trade Update
The used car sales industry typically starts to tail off for the year in November but we didn't notice such a trend this year. It seems demand is as high as it has been all year for the right make and models and of course, seemingly more and more as time goes on, the right mileage.
Some good news for the consumer is that a strong correction has taken place in the market the last month or two for a lot of models. One that stands out to us is our best seller, the G30 5 series. Due to a better supply thanks to lower VRT hybrids had been coming down in price at a somewhat normal rate the last year or so while diesels had remained high. That supply of diesels however has increased thanks to the Japanese market. How long that supply will last though we are unsure as we have seen auction prices in Japan climb in recent months. That double whammy of high prices in the far east and low prices here makes it almost unfeasible in most cases to win these cars at auction and import them.
If you have been eyeing a G30 but were priced out of the market until recently I do think now is the time to buy as it's hard to see another correction happening again for a good while and at current prices they are excellent value as they are one of the best luxury saloons on the market.
The start of December has been extremely busy with enquiries, it seems customers are now tuned into the fact that waiting until the turn of the new year doesn't actually get you any better value on the market and a lot of folks would like to make the purchase now so as that they can enjoy their new cars over the Christmas period.
I hope you are all start to feel festive and here's hoping for another strong month in the motor trade.
Jack

LCI G30 (front) G30 (back)