Which UK city residents spend the most on their new cars?
It’s an interesting thought really, which city spends more on their new cars? A comparison of spending patterns released by CarWow.co.uk revealed that people in Glasgow spend more on their new cars, on average, than those living in any of the other 10 biggest cities in the UK, according to new research.
With three per cent of all new cars in the UK being bought through carwow’s platform, the team were able to analyse sales to uncover purchasing trends.
The average spend on new cars by those living in the UK’s 10 biggest cities was as follows:
1. Glasgow – £26,271
2. Edinburgh – £26,166
3. London – £26,160
4. Cardiff – £24,199
5. Birmingham – £23,621
6. Sheffield – £23,495
7. Bristol – £22,988
8. Leeds – £22,753
9. Manchester – £22,118
10. Liverpool – £21,979
The CarWow data team conducting the research also discovered that in England and Wales, men spend an average of £24,844 on a new car. Women seem to spend less at £20,992.
James Hind, founder of CarWow.co.uk said: ‘What’s interesting about these findings is that although London has higher earnings, on average, than any other city, no correlation can be found between the cities in the list and the average earnings in those locations.
‘Whilst it’s easy to assume that the average spend on new cars varies depending on people’s extravagance or frugality, we shouldn’t jump to that assumption. We’ve found that the exact same make and model with the same specification can vary in price from city to city.
‘We’ve had plenty of people buying vehicles through CarWow that have opted to buy a car from a dealership many miles away from their home town, purely because the price being offered was more competitive (and they could get the car delivered straight to their driveway).
September 66-plate registrations drives new car sales over £2,000,000 during 2016.
I’m not sure if you’ve noticed? I certainly have! The number of cars featuring the new ’66 plate’ driving on the roads has been quite apparent? Maybe the ’66’ is more eye catching than past plate formats, but there’s certainly been a feeling of more ‘new-cars’ on the road lately! Well it’s not just a feeling, the SMMT reports that 469,696 new cars were registered in September 2016 – a steady rise of 1.6% and most importantly, the highest September on record.
There has also been a rise in demand for diesels and alternatively fueled vehicles; up 2.8% and 32.6% respectively.
If you’re liking all the numbers in this post, then the next figure will get your juices flowing! The year-to-date total registrations grew 2.6% in September taking the grand total so far to over 2 million new cars sold this year.
This amazing and very encouraging news means this marks the highest September on record, while the total number of cars registered so far this year also grew to 2,150,495 units – up 2.6% compared with the same period last year.
It is only the second time in recorded history that the two million mark has been passed in September. The first time was in 2004.
Mike Hawes, SMMT Chief Executive, said,
“September is always one of the biggest months for Britain’s new car market. The new 66-plate, combined with a diverse range of exciting new models featuring the latest technology, has certainly helped draw buyers into showrooms and many are taking full advantage of the attractive deals and low interest financing options on offer. Business and consumers place September orders many months in advance, so the ability of the market to maintain this record level of demand will depend on the ability of government to overcome political uncertainty and safeguard the conditions that underpin consumer appetite.”