AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Record breaking sales

21th October 2004
Page 69
Page 69, 21th October 2004 — Record breaking sales
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

Used vehicle sales are soaring thanks to a flurishing export market, a better registration system and a strong market for new vehicles.

Initial figures for used vehicle sales in the first half of the year suggest 2004 will break all previous records.

Figures from the Society of Motor Manufacturers andTraders show that to the end of June 476,069 vans and trucks changed hands. Judging by previous years that means the figure will top 900,000 transactions before the year is out — a rise of more than 70.000 over 2003.

The increase is down to several factors.The main reason, however, is a better registration system — with the revised VS document the DVLA is notified when vehicles are scrapped, sold to the trade, or returned to the manufacturer.This is backed up by rising new vehicle sales and a flourishing export market.

Exports have been helped by the manufacturers themselves as they have been actively seeking overseas markets to relieve their own used networks. Mounting stock levels held by all the main producers at the turn of the century appear to have been cleared.

The auctions are seeing less and less tired old stock rolling through sale after sale, and the independent dealers are also meeting strong demand from Russi a, Asia,Iraq and Africa. February and March were particularly busy with more than 84.(X)0 transactions a month.


comments powered by Disqus