According to the motor trade information experts ‘cap hpi’, people are now changing their cars more often than their mobile phones. According to cap hpi data, people now hold on to their cars for a much shorter period of time, with the average person returning for another car within 24 months. This is in part due to the popularity of PCP (Personal Contract Purchase) agreements where you pay a monthly fee, as you would with a mobile phone contract.
Philip Nothard, retail and consumer specialist at cap hpi, said: “....It’s the same model as the mobile phone industry where people are comfortable paying a monthly fee – only they are now doing this with their vehicles as well as their mobiles.”
With the growth of car finance options the motor industry is seeing people change their vehicles far more often, Philip Nothard goes on to say: “Not so long ago it was fairly common for motorists to have their cars for a minimum of five years or longer but that has now changed dramatically and dropped to just two years for millions of motorists.”
Here at Imperial Car Supermarkets we have seen how often customers like to browse and choose a car with us. We have many top quality, RAC checked cars to choose from on our website which are available right across our car showrooms in Southampton, Chertsey, Portsmouth, Northampton, Swanwick and Fleet. From Audi and BMW to Mercedes-Benz, Jaguar and Volkswagen we have seen customer numbers rise, and have many returning customers too.
Imperial Car Supermarkets offer used car finance deals including PCP, Dealer Finance and Hire Purchase agreements. You can find about much more, and watch some short informative videos about these finance options here:here.