Brits more confident of car auctions

Friday, 03 June 2011

More Brits are looking to car auctions to find their next motor, provided they are confident in the full history of the vehicles on offer.

Research from Manheim Auctions showed that car insurance could be needed on auction purchases, with over half of people accepting a warranty or guarantee of a reassurance.

Furthermore, 40 per cent would have their head turned by a great deal.

"It’s a common misconception that a car auction is an intimidating place. People mistake the car or van auction environment as a shady place where shady deals are done. But we know different and our research shows that consumers are now considering buying a vehicle at auction and opinion has shifted since August last year," said Craig Mailey, marketing director of the firm.

He added that the firm is now running workshops to show people how the auction process works and give them top tips on picking a bargain out.
Recently, CAP's Black Book Guide showed that second-hand car prices have reduced by eight per cent in the last month.

Posted by Noel Martin

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