• Home
  • News
  • AMeZine
  • Recruitment
  • Data
  • Forum
  • Showroom
  • Profile
  • Profile

Automotive News

  • SITE SEARCH :
AM on demand
Sewells

 

Car buyers worried about online fraud

Tuesday 8 April 2008, 00:01
- Advertisement -

Sixty per cent of used car buyers state fraud as their biggest concern over buying a car online.

The figures come from HPI, the independent vehicle information provider, also showed that nearly 70% of used car buyers believe they are more vulnerable to buying risks by purchasing a vehicle online.

The HPI survey showed that 71% of respondents thought choice was one of the main benefits of buying a car online, with 63% stating convenience as a bonus.

In contrast, 62% said fraud was the main downfall and nearly 70% thought they were more at risk from used car crime when buying online.

Only 48% of respondents said they would carry out basic checks like an online valuation check. Two out of three people believe not being able to see the car before they buy as a downfall of buying on the internet.

Nick Lindsay, director of HPI, said: "There’s good news for sellers, because 45% of those surveyed said they would be prepared to travel over 100 miles for the car they wanted, having done all the necessary online checks to ensure it was worth the journey.

"For those looking to sell online, internet auctions such as eBay and online classified ad publications such as exchangeandmart.co.uk continue to be the most popular sites for those shopping online."

  • The HPI results were based on an online survey of 210 respondents. To download the full results click here.


    AM magazine provides regular insight into manufacturer networks and dealer groups - to sign up for your magazine please click on the following link to subscribe:

    Subscribe to AM magazine

    AM also provides a monthly electronic magazine called AMe - this provides the latest analysis of new car sales figures each month and more news - to subscribe to this ezine please click the following link:

    Sign up for the AMe


  • Have your say:

    please login to have your say

    print story
    send to colleague
    email AM
    news to your desktop
    Web links:
    Related articles:
    Used cars: Dealers feel the chill of winter
    26 February 2010
    New showroom CO2 labels introduced
    18 February 2010
    2010 market: 'stock shortages and high demand'
    5 February 2010
    M-B rebrands used car operation
    3 February 2010
    Motors.co.uk grows market share
    3 February 2010
    Ferrari launches two-year warranty on used cars
    2 February 2010
    AM Poll
    Do you expect the end of the scrappage scheme to lead to an improvement in point of sale finance deals? Please leave a comment when you vote.

    YES: 50.0%
    NO: 50.0%