Rising pre-registrations hint at return to new car oversupply

VRA warns of ‘over supply’ in new car market

The new car market is seeing higher levels of registrations at month end with carmakers making too many cars for real world demand. That was the push market warning heard at a meeting of the Vehicle Remarketing Association (VRA). Last year Motor Trader reported on brands pushing into daily rental and fast churn channels to shift stock and offering big incentives on EVs to get stock selling In a panel discussion on the state of the UK automotive …

Rising pre-registrations hint at return to new car oversupply

Oversupply could begin to push the new car market back towards the kind of peaks seen in the mid-2010s, members heard at a meeting of the VRA.