The challenges used car dealers faces after the recession according to the CEO of Associated Motor Holdings
The challenge used car dealers face is to source good quality, low mileage stock. Since a number of drivers are choosing to hold on to their cars longer that in the previously booming economic times. The repercussions of these decisions is that used car dealers are being bombarded with much older models than in previously years, some of which are too old to qualify for finance. But like many South African industries, soccer could score the used car industry a very prosperous goal. In the first quarter of 2010 new car sales rose, partly due to large orders from the car rental industry in anticipation of the 2010 FIFA World Cup. Industry experts believed that a large de-fleeting of vehicles from the car rental sector will see the market increase in the number of quality, low mileage used cars into the used car segment post World Cup. This is good news for used car dealers who will have an increase in stock for an increasingly growing market. Read the full article on the KIA Menlyn website.
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