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Weekly Market Snapshot
This week our contributors have mostly been down south and in the midlands. We have not had any attendees further north or in Scotland. We also have information relating to general sales only and have no information from any Top car or premium sales, so cannot comment on the market for heavier metal at the moment . As has been the case recently buyers have been surprised by the lack of cars selling at the block with a higher amount of cars having to be bought provisionally.
Auction attendance numbers seem to be down which is making it harder for auctioneers. Sellers are holding out for high prices, but increasingly ,as buyers we are under more and more pressure to buy cars well under book. Some industry figures released in the last week suggest that the trade is showing recovery but the trade is a big interconnected world and when parts of it are up others must be down.
Petrol engined cars of moderate displacement are not suffering disproportionately to the rest of the trade, but big engined lumps over 4 years old are getting hit hard.
Disclaimer: Our market snapshots are a compilation of the thoughts of several of our contributors. Our data is collated from figures received from auctions we have attended, or from sales figures we have been party to. We occasionally provide example prices as an indicator but do not disclose exact auction data. In no way do we claim to be able to give accurate data for the state of the market and our guides should be regarded as a work of informed opinion only.
© 2011, MD. All rights reserved.
