Used Car Sales Rise as New Car Stockpiles Grow

UK production of new cars fell by 59% in January, according to recent reports. Stockpiles of unsold new cars are growing all over Europe and some estimates put the total number of unsold new cars in Europe at around 500,000. That means that even if sales pick up, car manufacturers are going to have to scale down production until the stockpiles have been greatly reduced.

At the same time, the used car industry in both the USA and the UK is seeing growing sales and record-breaking car auction sales.

It’s a predictable trend that still has some way to go. It’s also one of the reasons I founded Buying and owning a used car is a little different to buying and owning a new car. Servicing choices, MOT requirements and age and mileage related wear and tear are all a little different. If you are a new car owner who has always changed your car every three years, for example, you might never have needed to replace the tyres on your car.

If you are in this position and have any burning questions that aren’t yet addressed on (we’ve only just got started…), then why not drop me an email or leave a comment here on the blog?

I’d love to hear from you and will do my best to answer any and all questions I receive.

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