Used Car Sales Slow
The used car market has been a little crazy to say the least over the past few years in the wake of the covid pandemic. But is the ship turning? Well SMMT have reported that year on year car sales are down 9.7%. That is a lot but even worse when you consider the meteoric rise in prices, while this sales volume is dropping is there a chance that used car prices are going to lower with it?
Photo Credit Hilbert Hill Unsplash
Well simply supply and demand would suggest it would and with the 12.2% fall in the UK Q2 - Q3 this is likely to be the plateau and beginning of a small bleeding drop for used cars.
Photo Credit Alexandru Ivanov Unsplash
So maybe now is the time to start eyeing up that dream Supra you wanted, perhaps the prices are going to begin to roll downhill.
Feature photo credit Jim Witkowski Unsplash