Britons are increasingly looking to haggle when it comes to purchasing cars, new research shows, something that could have an impact on those with motor trade insurance.
Figures released by Sainsbury's Finance show that 59 per cent of people planning on purchasing a new vehicle over the next six months claim they will haggle "hard" or "very hard" with dealers about the price of the automobile, a rise from the 52 per cent who stated in September 2009 that they would do this.
Such a willingness to barter comes, the firm reports, as the impact of the difficult financial environment makes its impact felt on consumers.
And motor trade insurance policyholders may wish to note claims by Steven Baillie, head of Sainsbury's Loans, that with VAT set to rise and the car scrappage scheme now over, "car buyers will need to find other ways to lower the cost of their purchases, [and] haggling is really worth considering".
However, while 1.41 million people plan on buying a new car between March and August, around 96,000 of these consumers state that they will not haggle.
Motor trade insurance customers may also wish to note recent figures from the Society of Motor Manufacturers and Traders which revealed new car registrations rose 10.8 per cent in June.
