“High used car prices for staying here”

What a time to start a new venture in the car market. Spotikar seems like such a great idea, yet it was launched last year amid two dangers: a global epidemic and the car industry’s biggest supply shortfall.

If you miss it, Spoticar is a new used-car program from Stellantis and it’s ready to cover its multiple and varied brands: everything from Fiat and Jeep to Citroen and Voxhall. In practice, it replaces various manufacturers’ own used car programs, such as Voxhall’s Network Q, but currently only former PSA manufacturers cover Peugeot, Citroen, DS and Vauxhall.

It makes perfect sense to group the stock of used cars of all these firms under one roof, especially since we are more likely to shop across brands and departments nowadays. And it gives Stalantis a ready rival in the used car retailer world for big start-ups like Cazoo and Cinch.

These new players surround themselves with businesses that support used car supplies and retailers. Cazoo was busy buying those companies when Cinch was owned by Constellation Automotive Group, which already owns BCA (formerly known as British Car Auction) and WeBuyAnyCar.

The biggest battlefield is to keep the car on your digital forecourt, which makes the business model of constellation a smart one. But Spotiker’s access to cars returning to Stalantis dealers and its leasing business, it also has a stock advantage.

So what does all this mean for used car buyers? According to Spoticar boss Nick Richards, the used car market will stabilize this year, although there will be no major correction in prices. We will see price stability, though, he said, but supply will still be limited.

Is it a great time to buy? For someone (like me), a must. But the usual rule applies – do a lot of research before you buy anything. And remember, we’re always here to help.

Read about the best used cars to buy now …

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