Britons plan to purchase new vehicles

Published on Thursday, 27 September 2012 14:55
Posted by Scott Buckler

The number of people in the UK planning to buy a car within the next six months has risen by six per cent compared with the previous half-year

New data from Sainsbury's Bank indicates that the automotive manufacturing industry is about to receive a domestic boost as 9.8 million people expect to purchase a model over the period in question, with 4.3 million considering a brand new vehicle.

This represents 21 per cent of UK adults looking to acquire a car between September 2012 and February 2013 and nine per cent specifically planning to buy new vehicles, with men more likely than women to do so and to look to spend more money on average when they make a purchase.

Head of loans at Sainsbury's Bank Steven Baillie noted that the "number of offers and deals available" may be boosting the market.

In recognition of new developments within the automotive sector, the Society of Motor Manufacturers and Traders (SMMT) has unveiled shortlisted entries for its Award for Automotive Innovation 2012, including ABB for its Terra Smart Connect Duo, Squarell Technology for its Driver Awareness Panel and Williams Hybrid Power's WHP MLC Electromechanical Flywheel.

SMMT chief executive Paul Everitt praised the "exceptional quality" of this year's entrants and the range of industry sectors represented in the shortlist.

Source: ©Cilt UK

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