Changing fortunes of used car dealers

  • Business Premium
  • Monday, 12 Jan 2004

THE atmosphere surrounding the used car industry, which until a month ago had been in the doldrums, has really changed. Buyers had kept delaying purchases in anticipation of cheaper new cars, but with the announcement of the new car tariffs, prices of new cars are expected to go up, not down. 

In fact, the sales volume of used cars is expected to increase this year although there are mixed views as to the price direction. 

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