One month into the easing of the lockdown, our four experts reviewed the latest market considerations and subsequent value movements across cars and light commercial vehicles over the last few weeks, taking into account the recent statements by the Chancellor of the Exchequer on July 8th.
You can watch the webinar here
SMMT data shows that 20% of dealerships still remain closed but the current used market remains buoyant, for the moment.
New vehicle registrations continue to be adversely affected by a variety of conditions with registrations in June 2020 approximately one third down on registrations this time last year, diesel and petrol vehicles continue on a downward trend whilst HEV, PHEV and BEV sales continue to see an increase in registrations as expected.
In the used car market, trade valuation performance continues to impress as the reopening of the automotive sector has seen an impressive and sharp recovery in the last few weeks alone. Trade volumes are now close to normal.
During the webinar Derren Martin discussed the performance of the different used sectors with a significant variation in performance between the best and worst.
The overall view from our editors, however, is that, such positive news will not continue and all gave their predictions regards what to look out for over the next few weeks and months.
