Analysis
Jigsaw Finance’s Nigel Hawkins gives his observations on the PCP market
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- Industry commentators state that the 2013 used car market will not reflect the price rises experienced during 2012 with the market still depressed.
- Some industry analysis suggests that the UK economy should grow modestly during 2013, which will have a knock-on effect within the market towards the end of the year. Anticipated growth thereafter is expected to be about 1.5% per annum.
- There is still the issue of supply and demand with the noticeable drop in the supply of ex-fleet cars due to the weaker new car market, and consumers hanging on to vehicles.
