According to experts in the
car finance industry, consumers throughout
Europe are set to splash out on small,
cheap cars in the near future . This breakaway niche market
from the mainstream
auto market looks set to grow substantially in the next
decade.
According to expert analysts at the firm Roland Berger, buyers in
Europe will look for many more basic
cars sporting a tiny sticker price. The niche will become
so popular that some experts are terming it a quiet
revolution. Furthermore, analysts claim that this type
of car market will soar at a much greater speed than the major
car market, reaching 18 million units in the next six
years.
Wim Van Acker, the co-author of the
study, said: The segment is booming and is going to
change the automotive sector. The other author, Ralf Kalbach,
said: Buyers on a tight
budget are soon going to have a lot more choices.
When compared to standard, larger models,
small cars have many positive features. For instance, cars of
this type usually cost less to
insure and
tax, and are also more economical to run. Furthermore,
car finance can be easier to get for smaller amounts of
interest .
