While the anti-diesel rhetoric has turned a number of people away from diesel cars, an estimated 4m drivers remain convinced it is the right option for them and will be opting for diesel car next (13%), according to research from the Britain Under the Bonnet report from Close Brothers Motor Finance. However, concerns about taxes and the ability to sell diesel cars have risen and are holding … [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 last car, said the dealer put pressure … [Read more...]
Younger buyers moving away from traditional purchase
Paying upfront for a car is increasingly falling out of favour with UK drivers according to the new Britain Under the Bonnet report from Close Brothers Motor Finance. In the past year, the proportion of drivers saying they will opt for finance, leasing or renting for their next car has increased by 15% (from 37% in 2018 to 43% now). While paying for a car upfront was the most common way of … [Read more...]
New to used gap widens and choices expand
As used car sales surge, the gap between demand for used and new vehicles gets ever starker, said Seán Kemple, Director of Sales at Close Brothers Motor Finance. Consumers shifting to cheaper cars due to the economic uncertainty caused by Brexit and the global slowdown is certainly a factor. But, so too is the challenge in supplying customers the makes and models of new vehicles that … [Read more...]