Responding to new figures revealing that UK car and van production has fallen to its lowest level since 1953, Aidan Rushby, founder and CEO of digital car finance lender, Carmoola, says: “With fewer new vehicles entering the market, many buyers will turn to used cars as a more available and cost-effective option. That shift is likely to intensify demand for second-hand petrol, diesel, and budget EVs, particularly models priced under £40,000.”
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