Valuations expert Glass’s have stated that this month’s plate change is likely to paint a falsely buyant picture of the market. According to the firm’s head of valuations, Rupert Pontin, there are 43% more cars under a year old than this time last year, indicating there has been a large rise in pre-registrations. “Customers need
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New plate change could paint false picture of car market, Glass’s warns
Car market will innovate and adapt to weakening of PCP appeal
The automotive retail sector is sufficiently dynamic and innovative to adapt to a predicted weakening in the market conditions that have led to a perfect scenario for PCP growth in the market. Low interest rates and inflation, a strong pound to the Euro, gradual increases in new car prices, high consumer confidence and strong residuals
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