UK car buyers do not believe the country’s decision to leave the European Union has affected when they will make their next purchase, according to new consumer research from Motors.co.uk.
In the motoring website’s 2016 Car Buyer Survey, just 3% of people said they had been discouraged from buying a car due to the referendum result in June. The survey also found that just 10% believed the result would affect the timing of when they will buy their next car, and only 4% said they were worried about making their car finance payments following the result.
“Understandably, there has been a lot of speculation about how June’s referendum result will affect the UK economy, and the automotive industry has been no exception,” commented Dermot Kelleher of Motors.co.uk. “However, we are delighted to see that the prospect of Britain leaving the EU has not hindered the nation’s attitude to buying cars. The survey has underlined that consumers are primarily looking for value for their money and are ready to make a purchase if it’s a good deal for them.”