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REMARKETING: Steady as she goes

Date: 12 February 2013


Glenn Sturley, remarketing director at Lex Autolease, is also of the opinion that we're in for a more stable year as far as shifting used stock and values go: "The remarketing sector can look forward.with a sense of cautious optimism. Pricing, the key barometer of market strength, improved in the latter part of 2012 and we expect this trend to continue during this year."

Chairman of the Vehicle Remarketing Association, John Davies, agrees, saying earlier in the year: "2013 is likely to be quite a stable used car market with prices remaining consistent. Prices are unlikely to rise as high as in 2012 but with the restricted supply of used cars coming into the market compared to three or four years ago, demand should also remain fairly consistent."

One of the biggest differences for trading conditions this year compared with the same time in 2012 is the calendar. In January 2012, the majority of the remarketing crowd had their reservations about the Olympics, Euro 2012 and the Diamond Jubilee - and the gaps and disruptions they were likely to cause in trading.