And the winner is… used cars!
Although most future vehicle intenders say they will acquire a new vehicle, more than half of adults (55%) say it is smarter to purchase/lease a used vehicle instead of new at this time.
Nearly 5 in 10 are more likely to buy used:
When asked where they would most likely acquire a vehicle from, used vehicle intenders are split:
For adults planning to purchase/lease within the next year, the independent dealership — your local mom & pop shop — jumps to first place (41%), followed by manufacturer dealerships (31%) and national used car retailers (21%).
What is the most important consideration for used vehicle intenders when they’re deciding where to buy? 71% say it’s price, by far.
Top considerations when choosing a dealership to buy a used vehicle from