Startline’s January Used Automobile Tracker, which surveyed 329 customers and 58 sellers, discovered that motorists imagine a “good deal” is the issue almost definitely to swing a used automobile sale in 2025.
Virtually half (48%) could possibly be satisfied to purchase if introduced with the proper provide. Different excessive scoring elements embody the necessity to change an present automobile (46%), cheaper finance (39%), a wider selection of vehicles (27%), and a greater guarantee (26%).
Paul Burgess, CEO at Startline Motor Finance, stated: “For most individuals, private funds stay underneath various stress and there are restricted indicators in our analysis of individuals deciding to vary their used automobile for another than sensible causes.
“Fewer than one in 4 (22%) say they’re ready simply to purchase a automobile as a result of they just like the look of it.
“Greater than something, motorists are in search of automobile sellers to current them with a proposal that makes monetary sense, together with elements reminiscent of cheaper finance, an excellent guarantee and a excessive half change valuation (16%).
“In 2025, it seems the used car market is going to be all about putting together deals that make sense for consumers.”
The Startline Used Automobile Tracker analysis additionally exhibits that simply 9% can be tempted into shopping for in the event that they have been provided direct authorities assist to purchase an EV.
Burgess added: “There may be fairly widespread trade assist for the concept of presidency monetary assist, reminiscent of zero curiosity loans, to spice up used electrical automobile purchases.
“However, our research indicates that relatively few motorists would be interested in such a move.”
