Car sales soar in July as buyers splash savings – how to secure your dream model today

HomeLife & Style

Car sales soar in July as buyers splash savings – how to secure your dream model today

Data from the Society of Motor Manufacturers and Traders (SMMT) revealed sales boomed in July with figures up 11.3 percent on last year's values. A

Home buyers reveal what puts them off when buying a house
Property news: Shock poll finds more than a third of buyers hope to move by end of summer
Property news: Searches for overseas homes ‘rocket’ as buyers rush to move abroad


Data from the Society of Motor Manufacturers and Traders (SMMT) revealed sales boomed in July with figures up 11.3 percent on last year’s values. Almost 175,000 vehicles left the forecourts last month in another boost on the 145,000 cars which were sold in June. 

How much will the car cost to run?

Every car comes with extra expenditures which will need to be paid alongside the upfront costs. 

Car insurance costs are sometimes calculated based on the value of each vehicle and how easy it would be to obtain spare parts. 

Insurers place vehicles in groups based on overall risks with more popular family cars lower down and supercars higher up. 

It is possible that drivers may be able to secure a cheap upfront cost on an ageing model but could then be stung with heavy running costs. 

What engine shall I get? 

Petrol cars are the most popular type of vehicle in the UK with almost 500,000 models sold so far in 2020, making up almost 60 percent of the market.

Fully electric models have increased in popularity so far in 2020 with a 174.6 percent increase in sales compared to data from 2019. 

Mr Thornton told Express.co.uk: “If you want a more sustainable model, Electric cars have had a huge surge in popularity in recent years.

“However, these aren’t always practical if you live in a flat with regards to charging, so a hybrid or self-charging model may be more suitable.”

Diesel is the second most popular fuel type with over 147,000 models leaving forecourts this year. 

But the models are on a downwards decline of over 60 percent compared to 2019 figures. 

Despite the dramatic decline, Mr Thornton said this could still be the best option for the casual motorist. 

He said: “If you’re doing over 12-15K miles a year, diesel is still more economically efficient.”



COMMENTS

WORDPRESS: 0
DISQUS: 0