October 2013
The price of dwelling disaster is having a far reaching influence on automobile patrons, with three-quarters admitting latest rises will affect their subsequent buy.
Of these patrons practically a 3rd (32%) are placing their subsequent buy on maintain, whereas 28% will purchase a less expensive automobile and 16% a smaller one, in accordance with eBay Motors Group’s newest Client Perception Panel analysis.
Nevertheless, 1 / 4 of respondents mentioned the will increase may have no influence on their subsequent buy.
The analysis was performed final month by Perception Benefit, an impartial market analysis agency, and polled the views of over 2,000 new and used automobile patrons throughout the UK.
The findings recognized power payments as the largest concern amongst patrons, with 74% saying these will increase will affect their subsequent automobile buy.
This was adopted by the inflationary influence on items and providers (70%), excessive petrol and diesel pump costs (68%) and rises in the price of borrowing (59%) and council tax (57%).
“The price of dwelling disaster is having a profound influence on automobile patrons, with a 3rd now delaying their purchases,” mentioned Lucy Tugby, Advertising and marketing Director of eBay Motors Group.
“Nevertheless, the stability is responding to greater prices by trying to purchase cheaper or smaller vehicles, whereas 1 / 4 say the rises may have no affect on their shopping for choices.
“Our analysis reveals the resilience of the automobile market with many patrons saying they are going to be buying out of necessity, regardless of the influence rising prices are having on their family budgets.
“For sellers this implies maximising the net publicity of their inventory and pricing to market as a result of now, greater than ever, in-market patrons might be on the lookout for worth for cash,” mentioned Tugby.
