Glass\u2019s is forecasting that new car sales in 2016 will increase by 3% over 2015.<\/p>\n
\u201cEmployment levels will continue to increase through 2016 and into future years, personal disposable income is also set to increase and the house price Index is gently increasing too.<\/p>\n
Combined with a steady currency rate against the Euro and the Dollar for the next 12 months and understanding that the European economies of UK neighbours are still in a fragile state of flux, means the UK is a good place to be,\u201d said Glass\u2019s head of valuations Rupert Pontin.<\/p>\n
Pontin said the buoyant new car market will mean dealers will need to push harder for finance products for used cars.<\/p>\n
\u201cNew car deals have been so good it has impacted on the late plate low mileage market place by pulling buyers of up to three-year-old cars to a new model because of such appealing monthly rates.<\/p>\n
\u201cTherefore, from a financial perspective, the greater development of used car finance products will be essential to keep older cars selling to the buying public,\u201d said Pontin.<\/p>\n
Pontin said that the fall in Volkswagen Group registrations experienced in November did not take account of self-registrations by dealers.<\/p>\n
\u201cThe dramatic drop in new car sales is an underestimation of the impact the group has felt once pre-registration is also considered and there are a number of companies that have taken Volkswagen group cars off their user chooser order lists. This position may continue for some time whilst trust in the company is re-established,\u201d said Pontin.<\/p>\n","protected":false},"excerpt":{"rendered":"