New analysis has highlighted the No 1 motive why extra folks select used automobiles over factory-fresh fashions.
A ballot commissioned by The Motor Ombudsman discovered that greater than half of respondents (58%) stated that their major motivation can be to save cash.
That is notably pertinent at a time when client budgets stay beneath stress, with additional will increase looming for family payments, corresponding to council tax, broadband, water, and standing vitality fees.
Greater than 7.2 million used automobiles modified palms in 2023, in comparison with 1.9 million new automobile registrations, in keeping with figures from the Society of Motor Producers and Merchants (SMMT).
The analysis additionally revealed that 4 in 10 respondents would like shopping for a automobile that had a number of earlier house owners to assist keep away from bearing the preliminary loss in worth (ie depreciation), which is particularly related to shopping for a automobile from new.
Practically a 3rd (32%) stated there may be typically a wide selection of automobiles to pick from throughout the nation when purchasing round, while simply over 1 / 4 of survey members (26%) agreed that they’d be capable to take a look at drive and purchase automobiles that have been on the market on forecourts.
When quizzed about a few of the major advantages of shopping for a used automobile from a retailer, slightly than a personal particular person, by way of a social media advert for instance, practically half (48%) of respondents acknowledged that going to a longtime dealer offered them with the added reassurance {that a} automobile had undergone checks previous to occurring sale.
Moreover, 43% of survey members wished a security internet in case one thing went mistaken with their automobile after shopping for it, as they’d have extra authorized rights, and will use The Motor Ombudsman for help in resolving a dispute if the retailer was accredited.
Lastly, the ballot highlighted what sort of automobile would high their used automobile wishlist for 2024. The overriding majority (46%) would purchase a petroleum mannequin, with these within the 55+ age bracket the almost definitely to take action (52%).
Round 1 / 4 (26%) stated a hybrid can be their most well-liked alternative, adopted by a diesel variant (17%), while one in 10 (10%) would look to get behind the wheel of an electrical car (EV).