The automotive used vehicle sector continues to witness steady growth during Q1 2019 as new car sales continue to encounter challenging trading conditions.
Michael Tomalin MD states ‘The current demand for quality used vehicles across the UK remains extremely high as we have recorded only yesterday in Belfast a 275 vehicle sale on behalf of major corporate vendors LeasePlan UK, Toyota & Lexus, Trust Ford, FCA Group, Citroen UK, PSA Finance and Santander achieving over £2 million of total sales at 95% conversion at 99% of CAP clean. This phenomenal performance is further supported by another never seen before record in Northern Ireland of 100+ online buyers purchasing all types of corporate vehicles from end of term lease, manufacturer returns and dealer group part exchange vehicles. We expect the current trend to continue throughout Q1/Q2 across the group at both Rockingham and Belfast as the challenges continue for major franchised dealers with the sale of new vehicles and with Brexit looming the consumer continues to spend his money wisely hence the conversion to nearly new used product.’
Next corporate sale event at Rockingham on Tuesday 12th February 2019 at 10am featuring 375 vehicles from PSA Finance, Ogilvie Fleet, TCH Leasing, Semalease, Liquid Fleet, MultiFleet, FCA, Dawson Group, Honda Financial Services, Avis Budget Group, Northridge, RCI Financial Services, Easy Loans and United Rental Group.