The competition between new and used cars is hotting up, with only a 1% difference in customer preference, according to a Britain Under the Bonnet report from Close Brothers Motor Finance.
The report findings show that 41% of consumers will opt for a second-hand car as their next vehicle purchase, while 42% intend to buy a new one. Around one in five (17 %) say they are undecided on what to purchase next.
Marshall Motors (LON:MMH) The Group’s principal activities are the sale and repair of new and used vehicles. The Group’s businesses comprise a total of 101 franchises covering 23 brands, operating from 84 locations across 26 counties in England. In addition, the Group operates five trade parts specialists, three used car centres, five standalone body shops and one pre delivery inspection centre.