UK new car buyers drive a bargain as average discount nears £6,000

AI Summary
UK car buyers are currently benefiting from significant discounts on new vehicles, with the average reduction nearing £6,000, or 11.4% of the on-the-road price. Data from Insider Car Deals indicates even larger discounts on electric vehicles, averaging 12.9% including government grants, though petrol car discounts can be proportionally higher for some models. Car industry executives cite pressure from EV sales targets and competition, especially from Chinese brands, as reasons for these price reductions. Despite the higher upfront cost of EVs, lower running and maintenance costs can make them a more economical choice overall. Experts recommend haggling, particularly at the end of sales periods, to secure the best possible deal.
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