I visited on the road a large used car retailer to take a look at its operations in a surviving sales site (one sales site in Slovakia was closed last year).
Some cars are shown without the number of kilometers. It simply says “unknown”
It looks bad, but this is a major improvement.
Let’s face it; our countries in general were a fantastic oasis for remarketing high mileage cars from Western Europe. What Germans and French did not want, the Poles and Slovaks took. Well, let’s say that some importers took at low prices cars that were magically improved and sold at higher prices…much higher prices. After all, these cars had less than 100000 kilometers…
So I applaud transparency in this business.
Transparency will clean up the offer of used cars, and correct prices. It will help the establishment of an intermediate used car market and help develop inter dealer B to B trading by creating stronger market price differentiations between products.
Perhaps, the money invested by manufacturers in used car programs (Peugeot, Citroen, Kia and Škoda among them) will pay out.
Best operators, and best advised operators might take the train of this opening of business. If they do not, AAA Auto will take the food right out of their mouths regardless of the quality of their certified used car programs.
For leasing companies and manufacturers, the oasis of markets that buy everything is drying up. I foresee strong corrections in price depreciations in the near future.