Buyers are turning their backs on new cars in favour of used models, says a leading finance house. Brexit, a global slowdown, and confusion over fuel type have caused 2.4 million drivers to think twice about buying new car. The findings from a new report published today by Close Brothers Motor Finance found, in the past year, the proportion of drivers planning on buying a used car … [Read more...]
Dealers worried over deadline for petrol & diesel cars
Close Brothers Motor Finance’s Dealer Satisfaction Survey has found that two-thirds (66%) of car dealers believe the Government’s plans to ban petrol and diesel cars by 2032 will be too early. The qualitative survey of more than 200 dealers nationwide found that the vast majority (86%) believed the ban would cause another layer of confusion to the market, with 59% believing it would make car … [Read more...]