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Automotive News and Press Releases
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Continued attrition forecast for used car retailers
The latest report from Trend Tracker - The Future of the Used Car Market in Great Britain, 2012 to 2017 - confirms that demand for used cars has been depressed since the beginning of the recent recession in 2008. No more used cars were sold in 2011 – 6.8 million units – than 10 years earlier in 2001.
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Used car market recovery forecast from 2013
The latest report from Trend Tracker - The Future of the Used Car Market in Great Britain, 2012 to 2017 - confirms that volume demand for used cars has been depressed since the onset of recession in 2008. Used car sales in 2008 were 4% lower than 2007, and declined by a further 5% in 2009, remaining at around this level in 2010 and 2011. In fact, no more used cars were sold in 2011 than 10 years earlier in 2001.