The big swing from new to used
The automotive industry has been hit by a global slowdown, confusion over fuel types and uncertainty about the effects of Brexit. Last year, the demand for new cars was just higher than the demand for used. This year, the balance has tipped in favour of used cars.
Brexit has dominated the headlines and will continue to for some time, but it is only one factor alongside a maze of policy related to the motor trade creating confusion in the marketplace, and dipping consumer confidence.
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