Be sure to check our sister interview main ratings news website

Consumers hold on to cars for just 20 months

The average consumer is now holding onto their new car for just 20 months.

That is the conclusion of online car sales platform Tootle which compared data from 2016 and 2018.

It found that the average consumer selling their vehicle in 2016 had typically kept hold of it for a full three-year period but this had fallen to 20 months by 2018.

 

Cambria Automobiles (LON:CAMB) was established in 2006 and has built a balanced portfolio of high luxury, premium and volume car dealerships, representing major brands across the UK. The Group’s businesses are autonomous and trade under local brand names, including County Motor Works, Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.

Read in Full
Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    X
    LinkedIn
    Cambria Automobiles PLC

    More articles like this

    Cambria Automobiles PLC

    Cambria Automobiles update from Killik & Co

    3rd August 2021

    On 9 June 2021, the boards of Cambria Bidco Limited and Cambria Automobiles plc (LON:CAMB) issued an announcement stating that they had reached agreement on the terms of a recommended cash offer for the entire issued

    Cambria Automobiles PLC

    Cambria Automobiles updates on possible offer

    19th April 2021

    Cambria Automobiles plc (LON:CAMB) announced, on 22 March 2021, that it had consented to Mark Lavery, James Mullins and Tim Duckers exploring the possible acquisition of the entire issued, and to be issued, share capital of

    Zeus Capital

    Cambria Automobiles Delivers and Outperforms Consistently

    6th March 2020

    Cambria Automobiles plc (LON:CAMB) is the topic of conversation when Mike Allen, Head of research at Zeus Capital joins DirectorsTalk. Mike talks us through the key themes he noted in the latest trading update, explains what has driven growth,

    Zeus Capital

    Cambria Automobiles Trading inline & ahead of prior year

    4th March 2020

    Cambria Automobiles PLC (LON:CAMB) has issued a pre-close trading update for the five months to 31 January 2020, confirming trading is in line with expectations and ahead of the prior year, despite ongoing challenging market conditions.

    Zeus Capital

    Cambria Automobiles PLC AGM Trading Update

    9th January 2020

    Cambria Automobiles (LON:CAMB) has confirmed trading in the first three months of the financial year has been in line with expectations despite continued challenging conditions. Clearly near-term trading conditions remain difficult, albeit sterling has strengthened post-election,

    Cambria Automobiles PLC

    Cambria Automobiles Deliver another stellar performance

    22nd November 2019

    Cambria Automobiles (LON:CAMB) is the topic of conversation when Mike Allen, Head of Research at Zeus Capital joins DirectorsTalk. Mike explains how the results compare with forecasts, the key drivers, if the forecast has changed in anyway and company

    © 2024 – DirectorsTalk. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.