A new survey has highlighted new age-related trends in car purchases in the UK .
The research by AA Personal Loans revealed that older motorists are keeping the new car market afloat by pushing demand, while younger drivers are driving sales in the used car market .
More than 40 per cent of 25-34 year olds were found to be planning on buying a vehicle that is aged three years and above, compared to just 15 per cent of over 55 year olds and 24 per cent of 18-24 year olds.
In contrast, just over half (52 per cent) of UK drivers aged 55 and above are planning to buy a new car within the next 12 months, in comparison to just 21 per cent of 18-24 year olds and 20 per cent of 25-34 year olds.
Simon Tennyson, Managing director of AA Warranty, Simon Tennyson, explained: "For many young drivers a major objective is to keep all associated costs of getting on the road as minimal as possible."
"Consequently, not only are young people more likely to buy a used vehicle because it is cheaper, but they are also less inclined to take up suitable mechanical breakdown cover as it is often perceived as an elective cost."
