Startline analysis discovered that 62% of sellers say an improved economic system would offer the largest increase for used automotive gross sales in 2025.
The January Startline Used Automobile Tracker surveyed 329 customers and 58 sellers.
Paul Burgess, CEO at Startline Motor Finance, stated: “Just about each indicator confirmed that there was a downturn in each the final economic system and client confidence in the direction of the top of 2024, and that seems to have weighed closely on these outcomes.
“Sellers appear involved that this destructive temper could possibly be a drag on the used automotive market and actually need to see some type of uptick for the New Yr that adjustments the outlook.
“Different components talked about within the analysis are maybe unsurprising. Concern over inventory availability is now actually a given, as are issues over expert staffing and premises prices.
In response to Startline’s analysis, 50% wish to see direct authorities help for used EV patrons, 48% need to see an enchancment in client confidence, and 38% need to see a loosening of the Zero Emissions Car Mandate targets.
Burgess stated: “The Zero Emissions Vehicle Mandate is also very much a live subject and we hope to see the current Government consultation have a positive outcome, which is something that could at least in part serve to lift market sentiment.”
Higher inventory provide was additionally talked about (36%), adopted by improved motor finance availability (31%), a discount in enterprise overheads equivalent to charges and staffing (19%), and higher availability of expert workers (16%).
