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UK motorists swap their cars more frequently than their mattresses and mobile phones

Monday 22 August 2016, By AutoVolo

UK motorists swap their cars more frequently than their mattresses and mobile phones

UK motorists swap their cars more frequently than their mattresses and mobile phones

New data has revealed that UK consumers are now trading in their cars more frequently than they change their mattresses and mobile phones.

An investigation by automotive expert CAP HPI has found that the length of time people own their cars has dropped, with many changing their vehicles more often than their mattress or mobile phone.

Consumers are told that a mattress should be changed every seven to eight years. This is to ensure a healthy night’s sleep, while also maintaining hygiene – the average person loses an average of 285ml of fluid each night, as well as 454g of dead skin per month.

Philip Nothard, retail and consumer specialist at Cap HPI, said: “What we are seeing is the ‘iPhonification’ of the car industry as consumers increasingly pay to drive rather than pay to own their vehicles.

“It’s the same model as the mobile phone industry where people are comfortable paying a monthly fee – only they are now doing this with their vehicles as well as their mobiles.

The number of people taking out personal contract purchases (PCP) has increased, with competitive finance options making it easier for people to drive a new car. The ease with which these can be taken out is contributing to changing consumer habits.

Some car manufacturers are reporting that vehicles are being returned after an average of two years, with some sub-18-month contracts becoming popular. In contrast to this, the average phone contract lasts between 18-24 months.