| Swollen stock of used cars is gradually declining Finland's used car inventories, which became inflated owing to the new vehicle tax rates that were introduced from the beginning of April, have started to subside. But even if the used car inventories started to subside during April, the total the importance of the remaining stock was still a quarter higher than in April 2011. In March, the inventories of previously-owned cars grew exceptionally briskly, with new cars selling like hot cakes in anticipation of the upcoming tax rate change. According to the automotive information solutions provider Grey-Hen, a company that follows the developments in the used car trade, the total the necessity of the country's used car inventories came down by more than 8% from the end-of-March figure. Apart from the increased sales, the reduction of the stock was also contributed to by the fact that the country's car dealerships received considerably fewer used cars in April than they did in March. In April, only 4,000 new cars were registered in Finland, when the corresponding number for the month of March stood at a thumping 23,000. |
Wednesday, 9 May 2012
Swollen stock of used cars is gradually declining
