Frustration with public transport fuels car ownership

For the vast majority of motorists cars are a fundamental need, says Auto Trader’s Richard Walker

The current average price of a used car is £17,735, up 3.5% year-on-year and 0.3% month-on-month. Auto Trader research shows the importance of car ownership is increasing, driven, in part, by public transport disruption. Rising car finance APRs are only having limited impact on consumer finance engagement on Auto Trader.

Car ownership at record levels of importanceDespite current economic uncertainty, the latest consumer research from Auto Trader, points to consumer demand remaining...

+91% more