More than half of UK drivers (56%) bought their most recent car from a showroom in a face-to-face transaction says a new Opinium survey of 2000 UK drivers, commissioned by InsuretheGap.com, rising to 70% of over 55s, compared to less than half (44%) of under 55s. Women also have reservations about car showrooms. One in five (20%) find them intimidating and describe negotiating as “embarrassing” … [Read more...]
Falling value of new cars put off younger buyers
The depreciation value of 2022's most popular cars has been revealed According to a new report by Go.Compare Car Insurance, a high depreciation value would stop 70% of drivers from buying a particular make or model of car. Most young drivers have future finances in mind, with 73% of those aged 18 to 24 being put off a car if it depreciates quickly. Even loyal lovers of the latest … [Read more...]
One-in-ten car buyers victims of fraud
Some 10% of Brits have been the victim of fraud when buying a car, according to the latest ‘The Road Ahead’ research from Close Brothers Motor Finance. With the growth and evolution of the motor industry and its market, changes to the car buying experience over time have provided consumers with more choice, but also presented scammers with more opportunities to deceive buyers. The findings … [Read more...]