As car sales begin to climb, many dealers are now more confident for 2010
Dealers at the largest retail motor park in Ireland are reporting the first clear, positive sign of an upturn in demand for cars. The dealers, at Airside Motor Park, Swords Co. Dublin, represent 15 leading brands and sell thousands of new and used cars and commercial vehicles each year. They are reporting that over the past month there has been a slow but very steady increase in demand for used cars, the fist increase in demand for over a year.
The dealers believe that many customers who had waited for prices to ‘bottom out’ are buying now, and are beginning to drive up prices. Over the past 12 months prices of used cars had fallen substantially and many distributors are discounting the prices of new cars to attract buyers back into the market.
The Airside dealers say that the very low prices for both new and used cars is having an effect, they believe that this increasing demand will act as a valve, helping to release the pent-up demand and they are now collectively of the opinion that after the calamitous decline of 2009, this should help to increase sales of new and used cars in 2010.
However the dealers point out that following the unprecedented downturn of 2009, many distributors will have reduced their new cars orders for 2010 and that this may slow down deliveries to customers in the first months of the New Year.