Rise in new car sales reflects consumer confidence and confidence in consumers’ spending decisions
Bulk purchasers of new cars have increased their spending on their vehicles by 42% on average since 2008
The rise in new car sales has taken place over the last few years, while spending on used car purchases has increased by 30% since 2000.
The two-part report examines the drivers behind the new car boom and the ways consumers’ spending decisions have responded to them.
The new data shows that the boom, which started in 2008 and has since exploded, continues to have a positive impact on car and truck purchasers, and also on the economy.
“More people now own new vehicles than ever before and the rise in consumer confidence is now evident across sectors,” said Chris Mottram, global head of corporate research at IHS Markit.
“The industry’s growth has been boosted by more consumers driving themselves to the shop or looking to save money with a new car buy.
“While the UK still lags in terms of economic growth, growth has been fuelled by the new vehicles that have come to market.”
The report was co-authored by Paul Blondell, chief economist at IHS Markit; Kevin Giddens, professor of economics at the University of Aberdeen; and Daniel Ekins, an employment specialist with a UK-based investment firm and a former senior economist for the Financial Services Authority, along with Dr. Peter Wollaston.
But across the country, a new car is being bought at a lower rate than ever before – 0.2% in the year to September, compared with 3.1% in September 2013.
While new vehicle purchases declined across the industry – including the premium segment – in the year to the end of November, it is still more than twice as much as during the same period last year.
A new 에볼루션 카지노car purchase is a purchase that adds to or subtracts from car ownership, and falls below the threshold at which purchasing an investment car can affect a car’s value.
The number of total UK car purchases has dropped for 12 consecutive months to an all-time low of 1.26 million in September, according to IHS Markit.
Sales of vehicles such as the Nissan Qashqai were up 11% in the 12 month