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DEALERS ARE warning there could be a shortage of used
Page 12
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vehicles in the future amid signs operators are extending the lives of their fleets.
The recession is prompting operators to hold on to as much capital as they can.
However, Tim Ward at Bradford, West Yorkshire-based dealer Northside Truck & Van argues that this strategy is just storing up problems for the future.
-It's absurd the situation we are now in with vehicle sales in 2009," he says. "There will be a shortage of used vehicles two or three years ahead."
British Vehicle Rental and Leasing Association chief executive John Lewis says leasing and rental companies are adopting the same approach: "Business is tough out there. [Members] are dealing with this by improving the utilisation of their fleets, running vehicles for longer and buying fewer new ones."
But the Society of Motor Manufacturers and Traders says the situation will balance out: "Pendulums have a habit of swinging," a spokesman says. "An imbalance in any one direction will rebalance itself. What we are seeing now is a correction: if there's a paucity of vehicles, their values will rise and create a different set of circumstances."
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