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...]
More owners turning to used models instead of new
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 … [Read more...]
Autonomous driving interest accelerates
Three in ten drivers (31%) now favour self-driving cars, up from one in ten (10%) a year ago, they told pollsters for the Britain Under the Bonnet report from Close Brothers Motor Finance. At a time when Government has recently announced plans for driverless cars to be on UK roads as early as 2021, the latest figures show how perceptions are changing and … [Read more...]
Ford are most financed used cars, says lender
The Ford Fiesta has topped the list of cars financed in the UK, according to data from Close Brothers Motor Finance. The firm family favourite is followed by the Ford Focus and the Volkswagen Golf. More than 2.2 million new cars have been sold in the UK so far this year, and there have been more than 6 million used car transactions. Consumers … [Read more...]
Green motoring gets red card from drivers
Almost three quarters (71%) of UK motorists say affordability is a main consideration when purchasing a new vehicle, according to the Britain Under the Bonnet report from Close Brothers Motor Finance. A further 56% care about how economical a vehicle is to run, showing additional interest in cost. Other key attributes include fuel type (55%), engine size … [Read more...]
Welsh motorists tailing UK buying average
Just over a third of Welsh drivers would consider buying a new car, some way behind the national average. They are also less likely to look at a second hand car than the average and more likely to put up with their present model. But the gap is narrowing and with sales incentives in showrooms the car sales market is hotting up between new and … [Read more...]
Dealers positive about 2017
Exclusive findings from Close Brothers Motor Finance’s Dealer Satisfaction Survey reveal 63% are positive about their business prospects for 2017. The Dealer Satisfaction Survey is a continual telephone survey undertaken by Close Brothers Motor Finance and reported on a monthly and quarterly basis. The survey questions 750 new and used car, motorcycle … [Read more...]
