Some 2.7 million more drivers are planning to opt for a new car this year than previous years, according to Close Brothers Motor Finance’s upcoming Britain Under the Bonnet Report. For 45% of drivers, a new car is the preferred option – significantly up from 38% last year. The lockdown has fuelled fresh demand for a private vehicle and working … [Read more...]
Government statements slowing car sales recovery
Continuing confusion over Net Zero targets is slowing the recovery of motor sales. Seán Kemple, Managing Director of Close Brothers Motor Finance, said, “March marks a year since the first UK national lockdown, and the industry has evolved remarkably during this time. “New car sales are going ahead through click and collect, or click and deliver, services, … [Read more...]
A quarter of new cars will be hybrids, say buyers
One in four UK drivers plan to opt for a hybrid car as their next vehicle purchase, according to research conducted for Close Brothers Motor Finance’s upcoming Britain Under the Bonnet Report. The fifth iteration of the report reveals that the desire to purchase a hybrid vehicle has accelerated to 26% from 21% in 2020. And this is largely stable across age … [Read more...]
Women put off by dealers go on-line car shopping
More women own cars in the UK than ever before and hold more than half of UK licences, and influence 80% of global car purchases. Yet in the latest Britain Under the Bonnet report from Close Brothers Motor Finance. women are still more likely to feel pressured into making a purchase at a dealership than men. One in five women (19%), when purchasing their … [Read more...]
