Observations Tim Naylor,
June was generally a steady
month that saw some price realignment from vendors.
This helped keep the volume
churning as the month progressed, and as a result conversion rates
picked up quite noticeably.
Dealers tell us that retail
activity remained slow, but wholesale price adjustments and
concerns that stock could be in short supply stimulated the market
and sold volumes rose by around 2%.
The summer months typically see
wholesale and retail activity slow down and there is usually a
price adjustment to reflect that.
However, we expect the market to
remain steady over the next few weeks with activity levels likely
to increase early in anticipation of the September plate