Saka released a press release today regarding the outlook for the used car market; for some reason, I haven’t found it online yet, but regarding this year’s outlook, Saka’s points were:
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The market is growing because few new cars have been/are being sold, and there is therefore strong demand for relatively new (3–5 year old) used cars.
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Competition will tighten towards the end of the year.
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The importance of imported cars continues to grow in order to meet domestic demand.
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We predict that prices will remain stable.
The point of the release was mainly to advertise that it’s a good time to buy a used car from Saka, so perhaps it shouldn’t be taken too seriously, but the points sound quite reasonable. Stable prices and a growing market are good for used car dealers if they materialize, while tightening competition (even further) is naturally a negative.