No more buying a car
among the preferences of the Spaniards, and not so much because of disinterest due to the uncertainty and the economic situation. For example, 24% of inflation-stricken Spaniards postpone buying a new car, which ranks fifth in absolute terms among the products Spanish consumers would throw away from their planned purchases.
Following the Spaniards’ increase in summer spending intentions in early June, new inflation data has paralyzed planned purchases for the next six months.
for 80% of the Spaniards5 percentage points more than those who reported postponing their summer purchases (75%).
This is one of the conclusions of the second special study on the impact of inflation
in Spanish household consumption of El Observatorio Cetelem, study unit of BNP Paribas Personal Finance.
In the world of mobility, the new car ranks fifth in absolute terms among the products that Spanish consumers would throw away
your expected purchases due to rising inflation. 24.2% of those surveyed excluded their purchase for this reason, compared to 18.2% in July.
The new car is followed by second-hand cars (12.9% compared to 9.4% in July), bicycles (11.8% compared to 7.3% in July), electric scooters (11.8% compared to 6.2% in July) , new motorcycles (11.6% compared to 6.1% in July), caravans/campers (9.3% compared to 5% in July) and used motorcycles (8.9% compared to 4.3% in July).
By age, the population groups most affected by the postponement of purchase, in new cars,
consumers between 30 and 34 years (31%); in a used car, aged between 25 and 29 (21%); in new engine, consumers between 25 and 29 (15%); on a second-hand motorcycle, between 55 and 59 years (13%); in caravanning consumers aged between 55 and 59 (16%); and in the electric scooter between the ages of 25 and 29 (15%).
More than half (51.5%) of consumers who report experiencing high inflation and have excluded planned purchases say they have no budget
to make these purchases, while 47.4% would rather spend that amount on savings. If we segment by age, the consumers least affected by inflation are those between the ages of 60 and 64, with 31% of the mentions compared to an average of 21%.
The analyzed data and the reflections shown in this special edition of The Cetelem Observatory were obtained from:
Take a survey made online by the company Investmarket.
Source: La Verdad
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
