DEALERS hoping to resort to used cars to offset falling new-car sales may be disappointed by projections that the demand for used cars is falling away in the current economy. Research data released by Roy Morgan shows there is a continuing decline in consumer intention to purchase a used vehicle.
August early indicators data just released from Roy Morgan Research show that only 6.5 per cent of the population aged 18 and over intend to buy a used vehicle in the next year. This equals the worst result ever recorded by the survey. In addition, only 19.3 per cent of people aged 18-plus intend to buy a used vehicle in the next four years ” the second worst result ever.
