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"I'm now hearing su estions that the used boom could last until June 2008"
Page 68
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used sales, at East of England Scania dealershipTruckEast. "Remember though that lateplate vehicles will have a good second life and maybe a third life too," he adds.
And Matt Hammond, used vehicle sales manager at West Thurrock, Essex dealership Harris Daf, says: "Customers are having to pay up to 15% more for a truck similar to the ones they bought only a few months ago because I'm having to pay more to buy it in."
"The fact you have to charge £2,000 more for a truck than you would have done three months ago takes a bit of explaining though ,"Wright accepts.
Interest rate rises
Not everybody is finding it easy to pass on price increases."We're certainly not— especially now rising interest rates are starting to bite," says Whitehead.
The big question is when the Euro-3/analogue bubble will burst (CM 21 June)."I'm fairly positive that things will stay as they are until the end of the year." says Prewett.
Chris Hossack of Kent Renault dealership KTS Trucks says:"We may not see a change until the first quarter of 2008.As things stand,we have to look far and wide to acquire used stock.We've got a rental fleet that's a source of second-hand vehicles so we're a bit better off than some, but renters are trying to keep hold of them for as long as they can."
Wolstenholme concludes: "I'm now hearing suggestions that the used boom could last until June 2008."