Observations Tim Naylor,

Buyer confidence improved following
disruptive conditions at April’s end.

Typical late spring/early summer
marketplace – some price pressure but lots of interest for most
desirable vehicles.

Conversions improved, supply and
demand reasonably balanced.

No real growth in supply expected this
side of September plate change.

However, continuing economic pressure on households should not
be ignored. Rising inflation means costs are a major concern for
families on fixed budgets meaning it is not the most conducive set
of conditions to contemplate buying a replacement or ‘new’ used

Table showing car product sold unit market performance, May 2011


Fact box containing UK employment data

Chart showing wholesale used car selling prices, May10-May11


Graphic containing a pull quote by Mike Pilkington, Manheim Remarketing