Shut Brothers Motor Finance has revealed its listing of the preferred vehicles to finance in 2024.
The Volkswagen Golf topped the listing, adopted by the Ford Fiesta and the Ford Focus.
John Cassidy, MD of Gross sales at Shut Brothers Motor Finance, stated: “The persevering with challenges going through motorists is mirrored within the number of petrol and diesel automobiles on this listing.
“Owing to the rising cost of motoring, which is becoming unaffordable for some drivers, it’s little surprise to see economical, practical cars make up the bulk of the top 10.”
The fourth hottest car to finance was the BMW 3 Sequence, adopted by the Mercedes-Benz A Class, the Nissan Qashqai, the BMW 1 Sequence, the Vauxhall Corsa, the Mercedes-Benz C Class and the Audi A3.
Customers have needed to deal with powerful financial situations – excessive vitality payments, rising insurance coverage premiums and different monetary challenges. Many have opted for sensible, inexpensive choices.
Client selection signifies that affordability is the precedence for almost all of drivers. This statement has been key in informing seller inventory selections.
Cassidy added: “This can trigger additional complications for producers who’re having to provide electrical automobiles in step with the ZEV mandate, regardless of restricted client demand.
“This will need to be a focus point for the Government in 2025. Electric vehicle infrastructure, such as charging points, remains inadequate for widespread adoption, and the removal of incentives, such as exemption from excise duty, could further stall the transition away from traditional petrol and diesel vehicles.”
