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BCA report suggests strong year for cars sales in 2014

New data from British Car Auctions (BCA) shows that 14% of motorists say they will ‘certainly or quite likely’ buy a car in the next year, up from 11% in 2012.

Based on research from 4,000 motorists, the latest BCA Used Car Market Report reveals that the number of households owning at least one car has remained static over the last year, at 72%, having dipped from 77% in 2010.

The study also reveals distinct regional trends.

The number of two-car families in the North increased to 29%, from 16% in 2012, while the number of motorists in the South East who no longer own a car increased from 26% in 2012 to 30% in 2013.

Tim Naylor, editor of the BCA report, commented: “Car ownership is a strong indicator of economic confidence.

“Low and 0% interest offers could be creating fresh demand for new cars, with 40% of motorists who responded saying they were considering buying new rather than used for their next car.”
 

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