More people investing in new cars

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By AdFeatures | Friday, September 28, 2012, 14:30


People on the market for a car might wonder whether it’s worth buying a brand new model straight from the nearest showroom or whether they might decide to buy used in search of a bargain. In the current climate, many hard-pressed motorists who want to upgrade, downgrade or simply drive something different because they need to replace their old, clapped-out motor might find that getting the finance to pay for a replacement whether new or used difficult. However, recent statistics show that sales of new cars in the UK are surprisingly on the increase.

In August 2012, the number of new car registrations rose by 0.1% compared to August 2011. A total of 59,433 new cars were registered last month, which, although relatively small, shows that despite the tough economic times, the appetite for new cars still remains strong. Despite the fact that many motorists are having to cope with a rise in the cost of living, not to mention petrol, what is making people visit sites like to sell their old models and buy a brand new model instead?

The reason?

Perhaps the main reason for this is that new cars tend to have superior build quality. Buying a car is a very important financial decision, and it requires a lot of thought and research to buy the right one. One factor influencing many people’s motoring purchases is the fact that they want any new car they buy to last for a long time, to be safe and reliable. Buying something that’s prone to breaking down is not a wise decision, and buying a durable vehicle can be seen as a sound investment.

Low running costs are also important, so many people buying new cars are opting for smaller models with good fuel economy and low tax costs such as the Ford Fiesta and Vauxhall Corsa, the two biggest selling models in the UK last month. On top of that, good drive quality, plenty of on-board equipment and safety are seen as important, and many new models have all of that. Also, smaller models tend to cost less than £10,000, which is seen as a more than reasonable price by many motorists on the lookout for new cars.



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