Festive spending spree continues
Car buying activity remained strong on Christmas Day and Boxing Day, with the festive spending spree suggesting no let-up in the demand for used cars online.
Analysts at BuyaCar.co.uk also report that applications for car finance on Christmas Day were running at around one third of those that would be expected on an ordinary weekday.
Andy Oldham, chief executive of BuyaCar.co.uk, said: “Any expectations our Christmas team had of a quiet festive period disappeared when customers just kept on ordering cars and applying for finance, even on Christmas Day itself.
“Of course, not everybody celebrates Christmas, but even if we take those people who don’t into account, a level of trade on the biggest holiday of the year running at a third of normal weekdays is still remarkable.
“It’s good news for everyone in the motor industry, which has suffered the most difficult year in memory. Coupled with the Brexit deal, which will avoid some of the disruption that many of us had feared, our Christmas sales performance is a hopeful sign that a strong recovery is ahead.”
