Seller worries over the expansion of company agreements have doubled within the final month, in response to October’s new Startline Used Automobile Tracker.

The issue was named as a future problem to their enterprise by simply 22% of used automotive retailers in September however has jumped to 42% this month.

Paul Burgess, CEO at Startline Motor Finance, mentioned: “For many of this 12 months, round 20% of sellers have talked about the company mannequin as a problem however there was a particular improve this month. Why this has occurred isn’t clear, however it could simply be that the complete implications of producer plans to try to handle their automobiles within the used marketplace for an extended time period – into second and third lives – have gotten extra apparent.”

Different future challenges named by sellers included the market changeover to EVs (62% – up from 49% final month), inventory shortages (57% – down from 59%), finance availability (47% – down from 57%), growing compliance necessities (40% – up from 39%) and falling need for automotive possession (25% – down from 39%).

Burgess mentioned: “Regardless of the federal government delaying obligatory new zero emissions automotive gross sales till 2035, the market is aware of that electrification is coming at roughly the identical velocity as earlier than, with many producers dedicated to full EV ranges across the finish of the last decade.”

Elsewhere within the Startline Used Automobile Tracker, supplier optimism stays excessive at 72%, sustaining the leap seen in September, when it virtually doubled to 73% in comparison with 37% in July.

Burgess mentioned: “We’re seeing a robust sense of optimism amongst sellers throughout a number of metrics within the Tracker analysis and there seems to be a particular expectation that 2024 goes to be a great 12 months for used automotive retailers.”

The Startline Used Automobile Tracker is compiled month-to-month for Startline Motor Finance by APD World Analysis, well-known within the motor trade for his or her enterprise intelligence reporting and buyer expertise programmes. This time, 336 shoppers and 60 sellers had been questioned.