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 of ChooseMyCar.com, Nick Zapolski (below). That’s … [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 plans. The fifth edition of the report, which … [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 the used car market was no … [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 (35%) and featuring more gadgets … [Read more...]