Finishing - November-December 2023
Inflation is still high and we seem to be paying more for everything, especially cars. The most common way for people to buy new cars in the UK is PCP finance and with deals coming to an end and new interest rates on car loans higher, will this see a decrease in new car sales. So what will this mean for the car and finishing industry in the UK? My feeling is that car buying, especially in cities and big towns, will change. People will look at alternatives such as renting cars and using apps such as Uber, instead of buying a depreciating asset. Technology might be making personal car ownership a thing of the past. But I don’t thing this means there will be fewer cars on the road, just fewer owners. This issue has the winners of the BCF Awards, plus news of a win for the BCF itself!
Inflation is still high and we seem to be paying more for everything, especially cars. The most common way for people to buy new cars in the UK is PCP finance and with deals coming to an end and new interest rates on car loans higher, will this see a decrease in new car sales. So what will this mean for the
car and finishing industry in the UK?
My feeling is that car buying, especially in cities and big towns, will change. People will look at alternatives such as renting cars and using apps such as Uber, instead of buying a depreciating asset. Technology might be making personal car ownership a thing of the past. But I don’t thing this means there will be fewer cars on the road, just fewer owners.
This issue has the winners of the BCF Awards, plus news of a win for the BCF itself!
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