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Cambria Automobiles PLC

The Time Is Ripe for Buying a New Car

As the year winds to a close, it is a time filled with families and friends, celebrations … and car shopping. While it may seem crazy to add car shopping to this busy time of year, a Cars.com survey found that nearly 12 percent of survey respondents plan to buy a car before 2018 wraps up. And 76 percent of millennials and 71 percent of Gen Xers plan to head to dealer lots by Dec. 31.

These shoppers are on to something. While year’s end is always a good time to car shop, it is a particularly wise move in 2018. Buying now means you’ll lock in a lower interest rate since rates are projected to continue rising in 2019. That’s not the only number predicted to increase in 2019, either: Analysts predict that car prices will continue to move upward in 2019. Buying now means you are getting that shiny new car for a lower price than you would if you wait until the new year.

 

Cambria Automobiles (LON:CAMB) was established in 2006 and has built a balanced portfolio of high luxury, premium and volume car dealerships, comprising over 40 franchises representing major brands across the UK. The Group’s businesses are autonomous and trade under local brand names, including County Motor Works, Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.