Thousands of drivers are looking to the used car market for their next vehicle in a bid to save money. This huge demand is reflected in new search data, which shows that searches for ‘used car dealer near me’ have surged by a massive 235% in just three months. But while finding a local dealer is the first step, walking onto the forecourt … [Read more...]
EV cars are splitting society, claims used expert
Electric vehicles are a luxury that almost half of society can’t afford, according to claims from used car buying service, Choose My Car. The high cost of purchase, installing expensive charging points, and rising energy costs are just some of the reasons that lower-income drivers are being priced out of the EV market, said Founder … [Read more...]
Covid-19 polarises buyers around the nation
Covid-19 has polarised the world, and the nation – including car buyers. According to research from episode one of the annual Britain Under the Bonnet report, from Close Brothers Motor Finance, some 38% of drivers are more likely to delay buying a car due to the economic uncertainty caused by Covid-19 and Brexit, while 12% have brought forward their … [Read more...]
Used-cars keys to future prospects
The relative strength of used car sales at the end of 2020 is a good omen for the prospects of a further bounceback once the current national lockdown is lifted, according to James Fairclough, boss of AA Cars. “The gradual ratcheting up of lockdowns and Covid restrictions during the final months of 2020 took their toll on the economy as a whole, and … [Read more...]
Tradelines 13 March
More than a quarter (27%) of motorists will be considering changing their car, despite current economic uncertainty, says Sainsbury’s Bank. It's study found car buyers are planning to spend an average of £11,280 in 2019 and the top three reasons for investing in a new car include having a more environmentally-friendly vehicle (39%), being cheaper to run … [Read more...]
