RE: Edison outlook5 Jun 2020 16:55
I’ve pinched this from a poster who put it on the Vertu discussion board.
Piece in the Sunday Telegraph today about demand for cheap cars rising.
Quote from Robert Forrester, chief exec of Vertu “ cheap used cars are flying out of the door. Anything under £9,000 is flying out”
31% of orders taken by Vertu in April and May have been for cars price at £9,000 or less, an increase of 17% on normal levels.
So some decent business is still happening even if the showrooms are closed.
Anecdotally, a friend of mine who sells second hand motors had his best week ever last week shifting 9 cars in a week and is struggling to source more bottom of the range stock.