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NewsHighest rate of would-be car buyers recorded for three years, survey shows
Highest rate of would-be car buyers recorded for three years, survey shows
The amount of people intending to purchase an automotive is at its highest rate for three years, according to the Sainsbury's Finance Car Buying Index.
In total, consumers intend to plough £51 billion into new motor investments over the course of the next six months.
The report also indicated that one in five buyers are keen to use a loan to finance a deal.
Steven Baillie, head of loans at the organisation, said: "Our findings would indicate that the numbers looking to purchase a car are certainly starting to pick up again."
He added that the increase in people intending to purchase a motor is "good news for the car industry as a whole".
In particular, it may be the case that the end of the Car Scrappage scheme has not resulted in a decline in willing customers.
Many consumers could be interested in selecting environmentally-responsible models, such as the Mitsubishi i-MiEV, which is available from £28,990.
Posted by Mark Cunningham
23/08/2010 17:00
News category: Motoring