Saturday, 22 September 2018

Fall in petrol prices to fuel £4.3billion boom in car sales

ONLINE car buyer We Buy Any Car has surveyed more than 1,000 car owners — and found that

ONLINE car buyer We Buy Any Car has surveyed more than 1,000 car owners — and found that the fall in fuel prices meant a significant number of people would now think about buying their next car sooner than they had previously planned.

Five per cent of car owners in the survey said the drop in fuel prices has made them think about buying another car earlier than they otherwise would have done.

Using industry statistics, this could mean up to 485,000 additional new and used cars could be purchased over the next year, giving a £4.3billion boost to the automotive industry.

More than 15 per cent of car owners indicated they may well opt for bigger and better models and said they’d be less bothered by fuel economy next time they bought a car.

Lower fuel prices also signify an increase in traffic as more than 13 per cent of car owners thought they’d go on longer journeys and use their car more often.





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