The new car boom of 2014

Forget the baby boom, 2014 is seeing a “New Car” boom which is set to keep on rising. For twenty nine consecutive months, there has been an increase in new cars that have been bought in the UK. With the recession coming to an end, it seems that people are opting for a new car which can often work out more financially viable than buying a second hand one. Over the past twelve months new car sales have risen by over 10% and this is expected to continue going forward. Buying a new car can give you that added piece of mind that many things will be covered by a warranty and you do not have to worry about MOT’s for three years. Many new cars are also either tax exempt or cost very little to tax and the fuel economy for most cars is improving. These factors alone will increase the amount of money you save in a year substantially.