January 'a positive month' for vehicle trading
Date: 18/02/2008 10:12:26
Vehicle trading conditions in January surpassed expectations with regard to auctions, but the market could be softening, it has been claimed.
According to British Car Auctions (BCA), sales volumes increased over the month and the prices of vehicles sold also rose compared with last year's figures.
In fact, the fourth week of 2008 saw the firm sell almost £78 million worth of vehicles, compared with £55 million during the same period in 2007.
But it warns that the market could be becoming softer and that volumes could increase around the March 1st date when the plate change comes into force.
"January is traditionally an active month in the trade and coming off a period at the end of 2007 when the market was particularly slow, the leap into the new year has been welcome. However, Easter comes early this year and that often proves to be a watershed in demand," stated BCA's communications director Tony Gannon.
Earlier this month the company predicted a rise in demand for cars from the 1980s following the launch of BBC programme Ashes to Ashes, which features an Audi Quattro.