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Vertu Motors Plc

Younger car buyers are ready for online used car sales, says Bristol Street Motors

Almost half of people aged between 16-35 (48%) would buy a used car entirely online, according to research by Bristol Street Motors.

The study of 1,161 people showed that nine out of ten were aware that you can buy a used car online and more than a quarter of people aged 36-55 would consider buying a car.

Of the people surveyed, 28% said that a trusted provider was the most important factor to consider when buying a car and being able to return the car for a full refund was the second largest factor at 27%.

Vertu Motors (LON:VTU) was formed in late 2006 to acquire and consolidate UK motor retail businesses. A senior management team, with a wealth of experience within the sector, was put in place and on 27th March 2007 the Group acquired the 13th largest motor retailer in the United Kingdom, Bristol Street Motors. With the addition of further acquisitions, Vertu Motors is now the 6th largest motor retailer in the United Kingdom.

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