Big Motoring World CEO on the ‘prohibitive’ cost of buying new cars

Big Motoring World CEO on the ‘prohibitive’ cost of buying new cars

The growing used car market in the UK reflects the ‘prohibitive’ cost of buying new, particularly electric cars. That’s the view of Laurence Vaughan, chief executive officer, at Big Motoring World, in reaction to used car sales figures released by the Society of Motor Manufacturedrs & Traders. “The continued rise in used car transaction volumes demonstrates that the initial cost of a new vehicle remains prohibitive for a majority of buyers, espe…