Among the automobile buying sector, used cars are in more demand than in recent years, a new study reveals.
The figure represents more than 20 million consumers across The Media Audit's 80 measured markets.
Moreover, the demand for used cars versus new cars has been increasing. In 2006, a similar study was conducted, and used cars represented 49.4% of all automobile planned purchases. As a result, the demand for used cars among car buyers has increased by 10% over five years.
Correspondingly, the demand for new cars has diminished. The same study reveals that among adults planning to purchase a vehicle, 37.8% plan to buy a new vehicle, compared to 43.8% in 2006. The figure represents a decline of 13% over the same five-year period.
Among some of the top markets for used cars are
Rounding out the top ten markets for planned purchases of used vehicles are
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