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A news report revealing results from a poll held at the annual Vehicle Remarketing Association (VRA) conference at Silverstone this month, has provided an insight into which sectors of car are tipped to be successful in sales this year, and which may fall upon tougher times.
The poll also revealed how important it is for dealers to choose the right stock and study carefully the type of cars which are tipped to be successful in the coming year.
One of the sectors which faces a challenge is the used 4×4 market, which is tipped to lose resilience in the coming year. Now is therefore a great time for buyers to purchase a 4×4 car for a competitive price. Off road cars are a great choice if you’re looking for a car with the entire package – plenty of safety gadgets, lots of space and versatility and an array of equipment to keep your passengers entertained.
Further results from the VRA conference revealed that fifty per cent of delegates believed small cars such as the popular Ford Fiesta and the Nissan Micra would be the most resilient over the next year, which could mean that prices for new models may rise. Choosing a used small car is therefore a better option for buyers. The reason why small cars are becoming so popular in today’s market is down to the fact that they offer good fuel economy and low CO2 emissions, and are therefore cheap to run and usually cheap to buy too, providing you don’t have a large family to accommodate.
Another car sector tipped to be resilient over the coming year by 32 per cent of delegates was the lower medium car sector offering cars such as the Toyota Auris and the Citroen C4. Again, it is therefore a good idea for those buyers interested in this type of car to look at buying a second-hand model, to benefit from better savings whilst still getting a great car.
A further advantage of purchasing a more resilient car in the coming year is that its residual values will remain high, which means you will benefit when it comes to selling your new or used car on.