Back street garages are to benefit from the current economic squeeze as hard-pressed drivers pass on new vehicle purchases and concentrate on maintaining their existing cars, a study has suggested.
The survey internet tyre retailer BlackCircles.com found the next 12 months will see the majority of car owners tightening their belts and choosing not to spend their hard-earned cash on such big ticket purchases as new vehicles.
Fewer than 6% said they would definitely buy a replacement vehicle in 2009, while almost half of the 1,500 asked believed such a major purchase would be unlikely to figure in their spending plans, while 35% ruled out the idea entirely.
Michael Welch, managing director of BlackCircles.com, said: "Consumers are being more careful than ever with their spending decisions and a big part of that is cutting down on major purchases. Buying new cars falls into this bracket and it's no surprise to see people hold on to their cars - and their money - for the time being.
"Drivers have to maintain their vehicles, no matter what, so in a time of doom and gloom, it's good to hear that people will be queuing around the block at their local garage."
Copyright © Press Association 2009