More and more car buyers are spending vast amounts of time online researching which vehicle to buy rather than heading to dealerships, new research has shown.
A study by Evans Halshaw in Bedford revealed that car buyers spent as much as 241 hours online to decide on a vehicle. Not only are they visiting showrooms and forecourts less frequently, but this has also given rise to an increasing number of cars being bought online without actually going to a physical dealership.
One result of this is that car dealers must deliver vehicles directly to their customers, rather than having them picked up on site. This will require employees to drive the business’ vehicles out on the roads, something that demands a road risks insurance policy, which will offer cover should an accident occur while stock is in transit.
The findings of the Evans Halshaw study is supported by figures from the Office of National Statistics, which show that over half of 25 to 54 year-olds depend heavily on the internet to research products or services prior to making a purchase.
Indeed, this can be seen among car dealers and garages, too; increasingly these individuals and businesses are going on the internet to obtain an online motor trade insurance quote. Bollington provides such as service, but it is still strongly recommended that prior to purchasing any such insurance policy, the expert brokers are consulted to ensure the policy meets the specific needs of the business.