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Sales of used cars have skyrocketed since blocking restrictions eased, as motorists are desperately looking for reasonable and affordable models. BuyaCar.co.uk experts revealed that four-year-old cars were now the site’s most popular models, as drivers were desperately looking for cars on tight budgets.
The company’s specialists said they sold more cars in July than in any month in the company’s history.
August also marked another place, and costs peaked as demand continued to rise.
The average costs paid through the buyers in August amounted to 19,969 euros, an accumulation of 2,000 euros at the beginning of the year.
But they said the tops were partly due to the greater number of drivers buying more exciting cars than they could have selected before.
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In the first ten days of August, cars such as the Nissan 370Z and the Abarth 124v Spider convertible were popular.
The corporate also that models such as the Vauxhall Corsa and Volkswagen Polo were popular even when they even delivered a Mercedes E-Class of 51280 euros.
Christofer Lloyd, editor-in-chief of BuyaCar.co.uk, said drivers were buying models “without spending their monthly budget.”
He added that many drivers were spending cash stored in the lock to buy “more entertaining cars,” a wonderful news story for dealerships.
DO NOT CHECK online car sales can simply inform drivers of the “risk” of being scammed.
He said: “We’ve noticed a summer market like this before.
“August usually sees the appearance of a number of discounted cars, as dealers check the bridges in time for a busy September.
“But instead, motorists buy older cars to get the kind of car they’re looking for without spending their monthly budget.
“But what’s also appealing is the increase in sales of more sumptuous vehicles, adding sports models.
“Possibly it’s that some of the money drivers inevitably save on lockdown, while a lot of recreation costs have been reduced, possibly spent on more entertaining cars.
Mr. Lloyd that as used cars cost more, the age of cars sells slightly higher.
Previously, the most popular age to buy a vehicle was 3 years, however, the first part of August saw a slight increase up to 4 years.
He revealed that this was the first time he had noticed that older cars became more popular in a primary transition.
Data from the Society of Manufacturers and Motor Traders (SMMT) showed that new sales were recovered in July.
A total of 174,887 models were sold last month in an 11.3% increase in sales recorded in the same month last year.
Gasoline cars were the most popular cars with 101,392 sold up to 0.3%.
However, electric cars recorded a significant jump with 8162 all-electric models sold at just 2271 in July 2019.
The 259% increase also followed a large 320% increase in sales of plug-in hybrid models.
7447 PHEV models were sold in July 2020, at just 1,772 at the same time last year.