Retailers carrying 15% more used stock
13 June 2019
Retailers are carrying 15% more used stock now than a year ago according to Motors.co.uk’s latest Market View. It says that on average franchised dealers are holding 65 units per site against 61 in May 2018, independents 51 (43) and supermarkets 1,905 (1,629). Stock turn times at the franchises have increased by 10%, taking an average of 44 days to sell against 40 for independents and just 28 for supermarkets.
Dermot Kelleher, head of marketing and business intelligence, said dealers are also having to fight harder for stock as businesses delay replacing fleets until the post-WLTP picture on BiK becomes clear: “We know many businesses are extending company car replacement cycles until they know how the WLTP emission rules will impact the benefit-in-kind tax regime and this continues to put pressure on supply. We expect competition for ready to retail stock to remain fierce over the coming months.”