January sales figures confirm predictions that the used imports market is likely to remain soft this year, even though demand and thus prices may ease in Japanese auction centres, partly due to reduced buying for the Russian market.
Used import sales dropped to 9799, 13 per cent down on year-ago figures. The second half of 2006 saw a consistent monthly level of used import sales of around 9000.
It’s a big turnaround from 2003-2005 when 12,000 used imports were being sold each month.
The Motor Trade Association (MTA) says used imports, particularly the newer ones, have come under pressure in the face of fierce competition from other countries and from the increased number of near-new cars filtering down from the strengthened new car market.