Photo: cargurus.com
The dramatic economic downturn faced by Europe (and the rest of the world) since 2008 onward has affected all countries on the continent. Even a highly-developed state, like the UK, has been feeling the strain.
Now, according to autexpress.co.uk, the average age of cars in the UK is currently 7.44 years. The age increase is clear, as the figure stood at 6.93 years, back in 2008, when things were still going smoothly. Also, there are a reported 13-million cars over 9 years old or more and people have begun looking towards these cars as a way to cut their spendings.
The figures were compiled by British Car Auctions (BCA) - Tim Naylor, Editor of the BCA Used Car Market Report said “A slowdown in the new car market from 2008 onwards has certainly had an impact on the availability of good quality used cars for motorists to buy [. . .] But crucially, company fleets have been holding onto their cars for longer and changing them less frequently and this has affected the supply of cars aged up to five years old. As a result motor dealers are buying older vehicles for their forecourts.”
The figures were compiled by British Car Auctions (BCA) - Tim Naylor, Editor of the BCA Used Car Market Report said “A slowdown in the new car market from 2008 onwards has certainly had an impact on the availability of good quality used cars for motorists to buy [. . .] But crucially, company fleets have been holding onto their cars for longer and changing them less frequently and this has affected the supply of cars aged up to five years old. As a result motor dealers are buying older vehicles for their forecourts.”
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