DEALER optimism about the used car sector has reached a 14 month high, according to the new Startline Used Car Tracker. June’s research shows that 64% say they feel positive about the market, a sharp rise from 27% in May and 20% in April. The figure is the highest since the motor finance company’s research was launched in April 2022. However, 25% think that stock availability won’t improve for several years, 18% that the average vehicle they are selling will be older and 9% that it will be in worse condition. These dealers clearly believe that the current issues are entrenched in the market.”The Startline Used Car Tracker is compiled monthly for Startline Motor Finance by APD Global Research, well-known in the motor industry for their business intelligence reporting and customer experience programs.

Source: Wall Street Journal June 26, 2023 10:45 UTC