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Ian Simpson, sales and marketing director at The Warranty Group, said: "There is a chance that the lowest rate tax threshold rise and the highest rate reduction may create a slight feelgood factor at the extreme ends of the used car market - Budget and luxury - but otherwise there is little in the Budget to specifically cheer the motor industry.
"Really, the best development over recent months is that the 2012 used car market appears to be heading towards the more optimistic end of the forecast spectrum although conditions remain very tough and maintaining profitability requires a highly proactive approach to both sales and aftersales."
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