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The UK used car market is expected to be stronger in 2024 by 55% of dealers, according to research by Startline Motor Finance.
The finding has come from the company's regular Used Car Tracker survey, which has also found that 45% of dealers believe there will be better stock supply next year, and 43% think that demand for EVs will increase.
However, just 25% expect there to be an improvement in consumer confidence.
Startline CEO Paul Burgess said: "Our new research shows that there is definitely a growing and welcome sense of optimism in the used car sector. What is interesting is that this positivity seems to be based more on an expectation that we'll see structural changes rather than a general improvement in economic conditions.
"Just one in four dealers think consumer confidence is going to increase, indicating that there is a general feeling that personal finances will continue to be a significant issue. However, there is much more widespread belief that we will see better stock availability and a rise in demand for EVs.
"What dealers are perhaps really forecasting for 2024 is a better balance of supply and demand, and that would undoubtedly be good for the market, even if it contributes to the ongoing readjustment in used car values and prices."
Startline's research has also found dealers become more optimistic during 2023, going from 20% saying they were feeling positive in April, to 73% now.
Burgess said: "This data suggests that dealers believe the used car sector has weathered the economic storms of 2023 pretty well. Certainly, there appears to be a much improved mood in the sector as we head into Q4."
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