One sector of the car trade is booming in the face of the downturn - the large number of cars being repossessed has led to an upsurge in the car auction business.
Merlin Auctions, which is part of the Merlin Motor Group, held its biggest car auction ever last Wednesday, when 350 vehicles went under the hammer. Of these, 180 cars came from finance companies who had repossessed them, according to the firm.
Among the repossessed vehicles...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team