Car dealers have seen a shortage of used cars this year, making them resort to trying to find vehicles online. Due to the recession and most people's financial budget making it harder for them to purchase new cars, there has been a significant rise in Used Cars being purchased. This is makng Car dealers very anxious. One car dealer said that he used to sell two new cars for every one used car, lately it is the other way round. The result is that dealers are having to bid higher prices at used car auctions which has been steadily driving prices up. Some car dealers have resorted to online auctioning, using websites such as Ebay to supply demand, this means that they are now competing with their target market; consumers.
One car dealer commented that there has been a reduced supply of late-model, good condition vehicles in the marketplace. They put this down to the direct result of the reduction of new-vehicle sales.
Most car dealers are confident that once the recession slows down, the used car prices and demand will stay steady and things will get back to normal in time.
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