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Pre-Registration Figures Not a Cause for Alarm, Says Marshall Leasing
25 September 2012
There has been a great deal of comment on the subject of vehicle pre-registration recently. With the final quarter of the year fast approaching now is often the time when pre-registration activity is most prevalent. However, Marshall Leasing believes that the latest figures are overstated and that far from being a cause for alarm pre-registration could in fact open up opportunities in the used car market.
One somewhat startling statistic is the claim that 30% of vehicle registrations in Germany were pre-registration, amounting to 500,000 vehicles pre-registered in the first half of the year. Some commentators have suggested that a similar level is evident in the UK market. If so, this could potentially lead to pressure on the value of nearly new vehicles, and a knock on effect for older used vehicles.
However, Peter Cakebread, Managing Director of Marshall Leasing, is far from convinced. “Whilst there is some anecdotal evidence of an increase in the level of pre-registration, and this may well have been accompanied by an increase in manufacturer registered vehicles, I can find no evidence that this is happening on the scale suggested by these reports.
“In fact, there is currently something of a shortage of used car stock of all ages, evidenced by the relatively buoyant state of the auctions and the general used car market. In this climate, some increase in the supply of nearly new vehicles could have a positive impact, by easing the pressure on used vehicle supplies, whilst creating a new avenue for consumer demand.
“I would, however, welcome greater transparency in this area, as the state of play is often difficult to gauge. Such transparency would be particularly useful in the final quarter of 2012, as this is often the period when such activity is most prevalent.”
Notes to Editor
About Marshall Leasing:
Marshall Leasing specialises in vehicle management and finance solutions. The company delivers tailor-made packages centred around cornerstone products such as contract hire, fleet management and health & safety services. Marshall Leasing is proud to be part of the family owned Marshall Group of companies, which has over 100 years of experience in the motor and aviation industries. Find out more at www.marshall-leasing.co.uk
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