US$50 to Sell a Car in the U.K.
By: Neal Polachek
19 November 2007
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.
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