Downsizing families fuel upsurge in sale of cars

Figures recently released by the UK’s leading car buyer reveal that cash-strapped families are fuelling an increase in the sales of used vehicles.

Following a survey of over 3,500 customers, webuyanycar.com has found that more than 40% used the service in order to reduce the number of cars in the family.

The next largest group, those using the money to fund a private car purchase, came in at just under 15%. So it seems likely that families’ fortunes are behind an influx of used cars on the market.

“We regularly conduct surveys among our customers to detect trends in the market” commented a webuyanycar.com spokesman. “Rarely, however, do we see such a popular single reason for selling up. It seems that parents are feeling the squeeze most of all and downsizing accordingly.”

Over 28% of the customers opted to sell their car to webuyanycar.com because they were buying another car from elsewhere demonstrating that very many people are choosing not to part exchange their car when they trade up to their next car. Further probing on this point indicates that many dealers are not giving potential part exchange customers a good price for their car because in most cases it is not a car that they can then retail on their pitch. Signalling a definite shift from the traditional way consumers use to trade up to another car.

Other reasons for selling include experiencing financial difficulties (9.5%), taking ownership of a company car (9.3%) and emigration forcing a sale (7.7%).

webuyanycar.com guarantees a purchase price of anything from £50 to over £100,000. Whether a car is brand new or a non-runner, sellers enjoy a hassle-free sale without having to spend a penny on advertising or worrying about bouncing cheques. All of which makes webuyanycar.com an increasingly popular choice for anyone thinking about getting rid of their car and with over 60 depots now open nationwide consumers really are spoilt for choice for location.

To see how much your car is worth, the company is currently offering a free no obligation valuation when you enter your registration number at webuyanycar.com.