UK: impact of the cost of living crisis on car purchases April 2022
As of April 2022, a week after Ofgem's cap on energy cost was increased, around 72.7 percent of survey respondents reported their car purchasing intentions were impacted by the cost of living crisis in the United Kingdom. Around 30.4 percent of consumers mentioned looking to buy a cheaper car as a result of the crisis, while around 27.3 percent car buyers were not influenced by the price increases.
