According to new research released by British Car Auctions, used car buyers are apparently quite content. According to the research, nearly 96 percent were “very and/or quite” satisfied with their used car purchase.
The survey of 2,900 drivers indicated that “word of mouth” is the most popular way of finding a buyer:
- 36 percent relied on word of mouth.
- 15 percent took an ad out in the classifieds in the local paper.
- 11 percent advertised in Auto Trader.
- 7 percent put a sign in the car.
Interestingly, only 15 percent of the respondents spent more than $50 to unload their used car.