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Retailers buying at auction 'should move quickly'

Fri, 31 Jul 2009
Dealers considering buying at auction in order to replenish used car stock should do so as soon as possible, it has been claimed.

According to the Retail Motor Industry's Society of Motor Auctions (SMA), it makes sense for companies to purchase more second-hand vehicles before the introduction of the new 59 plate in September.

It explained the launch of the latest registration could lead to a rush for such autos at the end of August.

Louise Wallis, head of SMA, advised: "Dealers who wish to replenish used vehicle supplies prior to September should make sure they acquire stock as soon as possible."

The group pointed out low new car sales have had a knock-on effect on the number of second-hand autos available but claimed auctions were still offering a good range of models.

In related motoring news, BCA recently reported demand for prestige vehicles is on the rise.

The group revealed one of its summer sales saw a 2007 Bentley Continental GT 6.0 convertible sell for £92,500 - £12,600 above estimate.

To find out what Honest John has to say about buying at auction click here.
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