Celebratory Atmosphere Marks the Launch of '73' Plate, Yet Caveats Await in the Used Car Market

In recent car dealer news reported by cardealermagazine.co.uk, the motor trade industry is all abuzz with the much-anticipated launch of the new '73' plate. Following the previous release of the '23' plate back in March, this biannual event has once again graced the calendar, fostering a buoyant atmosphere in showrooms across the country. As this significant moment unfurls, it's not only car dealerships that are immersed in festivities but also eager consumers, keen to snag a stellar bargain amidst the revelry.

As dealers nationwide make a proper song and dance about the arrival of the fresh plates, a variety of special events and midnight handovers have been orchestrated to mark the occasion, fostering a robust community spirit and creating buzz among prospective buyers. According to Matas Buzelis of carVertical, the introduction of new number plates typically lends a much-welcome boost to the car market, benefiting both the motor trade and consumers on the prowl for a bargain.

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Moreover, the transitional period, which witnesses the inception of new plates in both March and September, can potentially offer lucrative opportunities for those considering a used car purchase. Dealerships might be more amenable to negotiating prices on older vehicles, eager to clear space for the newer models gracing the forecourts. Particularly towards the end of September, prospective buyers might find themselves in a favourable position to haggle for a discount, especially if a car has been lingering unsold in a dealership for a considerable period.

However, amidst the excitement surrounding the new '73' plate introduction, experts advise a note of caution, particularly for individuals contemplating selling their used cars at this juncture. According to Tim Rodie, a driving expert at Motorpoint, the surge of brand-new vehicles flooding the market can inadvertently precipitate a decline in the value of used cars. The fluctuating dynamics are not solely influenced by the new plates but significantly swayed by the influx of newer models making an entrance into the used car market. For those considering selling their vehicle, prior action before the 1st of September might have forestalled a potential dip in car valuation.

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In light of these developments, individuals keen on partaking in the market frenzy are urged to exercise due diligence. Undertaking comprehensive history checks, encompassing MOT and service history, potential accident damage, and any outstanding finance, should be a pivotal part of the buying process. This vigilance ensures that the investment doesn't morph into a costly affair, marred by hidden discrepancies like odometer fraud.

To stay abreast of the evolving landscape and garner insightful perspectives on these developments, tune into the latest motor trade news on cardealermagazine.co.uk.



source http://autoengage.co.uk/home-page-9252-9795-4532/b/celebratory-atmosphere-marks-the-launch-of-73-plate

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