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CM keeps you informed...
Page 75
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The used vehicle market is a strong and thriving industry the foundation on which the UK transport industry is built.To give an idea of just how big the market is, this year's second-quarter figures from the Society of Motor Manufacturers and Traders (SMMT) showed that used sales outpaced new sales by three to one.
If the second-hand market stalls it's the manufacturers that ultimately suffer the most-that is why each truck builder has been building used vehicle departments over the recent years.When you are selling second-hand models, methods have to be more vibrant and imaginative than selling new.
The used CV market affects every company involved with transport from the big fleet logistic specialists to owner-drivers and the drivers themselves.
Residuals, buy-backs, vehicle specifications, overall condition, bargains, pre-coneeptions,supply and demand,trade, export, rip offs, finance houses. auctions... and that's just the tip of a giant iceberg.
Commercial Motor will be delivering the latest news and activity from the used vehicle market, giving market overviews and checking out the prices you pay. We'll go to auctions,visit dealers and get the inside track on the used market to make purchasing easier for you.
Helping CM provide consistent and high quality information will be CAP, which monitors used vehicle values; and the SMIVIT, providing up-to-the-minute sales figures and market progress.
Kevin Swallow