vrs reports growth in trade sales despite tougher market

Manheim’s direct trade sales operation, vrs, has reported an increase in sales during the first four months of 2008 of 8.25 per cent compared with the same period in 2007, which itself saw a 15.3 per cent increase in sales compared with 2006.

Commenting on the results, Lewis Arthur, managing director of vrs said: “Despite tougher trading conditions and the negative economic commentary we believe that the continued growth during the first four months of 2008 can be attributed to dealers, independent traders and used car supermarkets taking a discerning approach and investing in the right sort of products that meet retail demand. There is no doubt 2008 will continue to be a tough year however we believe the wholesale market can sustain further targeted growth.”