Carfinance247.co.uk data sees increase in used car spending
Car finance provider and car dealer carfinance247.co.uk has released its latest used car sales data, which shows the average used car purchase value has increased by 6.8% in the six month period October 2012 to March 2013.
Figures show that for the period Apr 2012 - Sep 2012, the average buying price of a used vehicle was £7,332.45. For the period Oct 2012 – Mar 2013, this figure increased to £7,832.53 – meaning the average used car buyer spent around £500 more on a second hand vehicle than he or she would have done in the previous six month period.
Emily Henshall, Marketing Manager at Carfinance247.co.uk, says: “During the last two quarters, overall, our customers have been spending more. This could indicate a slow return in confidence in the economy, with people feeling more positive about taking on slightly more debt in order to get the vehicle they want.”
She added, however, that while the last two quarters have seen an increase in the average cost of a used car, year on year, the overall average value was still down by 8.32%.*
Ends
* Apr 2011 to Mar 2012 – average value of a used car was £8213.85. Apr 2012 to Mar 2013 - average value of a used car was £7582.49.
Contact:
Emily Henshall, Marketing Manager, carfinance247.co.uk, on: 0800 019 7180 or email: emily.henshall@carfinance247.co.uk
About us:
Founded in 2000, carfinance247.co.uk is a privately owned business with offices based in central Manchester. We provide vehicle financing solutions for all financial circumstances such as hire purchase, personal contract purchase, contract hire and other leasing options. No deposit is required and we give you the choice of buying any car from any dealer nationwide. Or, if you prefer, we can supply and deliver any make and model of your choice.
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