USED car buyers could take advantage of an influx of ex-PCP models three years after the peak in finance packages, says CarGurus.
The online automotive marketplace has indicated that there is a surge in dealer stock of good-condition, low-mileage, three-year-old cars.
New car sales reached a record high of 2,692,786 registrations in 2016, according to SMMT figures, with an estimated 86 per cent bought on finance contracts, the most common of which were three-year personal contract purchase (PCP) and personal contract hire (PCH) plans.
Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.