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The number of people likely to buy a car over the next few months is said to be on the increase.
And would-be purchasers are expected to pay more for their new vehicles than they did earlier this year, a survey by Sainsbury's Bank has found.

A total of 7.85 million people plan to buy either a new or used car before the end of February next year.

This is an increase of 200,000 on the total for the March to August period.

Consumers plan to spend £58.6bn on changing their vehicle over the next few months - a £5.4bn increase on the March to August figure.

Spending per buyer for the period September to February next year works out at an average of £7,463.

Those living in South East England, excluding Greater London, plan to spend the most - forking out £13bn on a new or used car over the next six months.

In contrast, consumers in East Anglia intend to spend only £2.3bn.

Sainsbury's Bank Head of Loans Steven Baillie said: "It's interesting to see that the significant drop in the numbers looking to purchase cars witnessed back in March appears to have been a short-term dip.

But he pointed out: "Although there would appear to have been some recovery in consumer confidence, the most recent index still represents a decrease of over £10bn in total spend on new cars compared with the same period a year ago."

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