Brexit will not cause a ‘massive change’ in the used car market due to this car feature

Brexit will not cause a ‘massive change’ in the used car market due to this car feature

Before car markets deal with the potential risk of Brexit, they must first come to terms with the cost caused by the coronavirus pandemic. 

However, the economic damage caused by the cross as well as the uncertainty of Brexit could push more motorsts towards used car purchases. 

Sean Kemple, Director at Close Brothers Motor Finance said: “We know that in times of economic hardship, buyers often shift from new to used cars in order to get their hands on a more affordable vehicle. 

“As the nation slowly goes back to work, reticence towards using crowded public transport could boost demand for private cars in the second half of the year.”

Published at Sun, 17 May 2020 05:01:00 +0000