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Glass's - Coronavirus and Brexit: "perfect storm" of economic factors potentially impacting the UK car market

Instant Access to UK Bodyshop News with your credit cardWith the UK economy facing recession due to the impact of Coronavirus, it is important to consider what happened to used car values in the last recession, to help predict what might transpire this tim.....

Picture: Moving forward to today, although there is no doubt that the UK will experience another recession, the dynamics in the car market are different. This time, there has been a very quick and almost complete shutdown of the market for both new and used cars, with just seasonal variations in values taking place, as shown in the chart

Publication date: 25/6/2020 11:02

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