Press release

Auto Trader launches world's first contactless car vending machine

Auto Trader tests new automatic car dispenser in London showcasing the potential of ‘immediate’ car purchasing

 

  • Auto Trader has launched Britain’s first car vending machine, giving motorists a chance to buy a brand-new car via contactless payment on their phone
  • The vending machine, installed at Spitalfields Market, London, features a Renault Zoe with a pre-haggled price, meaning it can be purchased on the spot
  • Study of 2,000 Brits reveals over 9 out of 10 admit to being bad at haggling when it comes to buying a new car, whilst 79% think our European counterparts are far better at bartering a better deal
  • The number of electric car registrations has risen by 60.3%over the past year, according to the SMMT
  • Over three quarters (78%) of Brits admit to being concerned about their carbon footprint when it comes to buying a new car

 Britain’s first contactless car vending machine launched in London today, offering motorists a haggle-free way to purchase a brand-new car.

The installation in London’s Spitalfields Market has been created by Auto Trader, the largest digital marketplace for new and used cars, to illustrate its unique pre-haggled prices and transparent price offering.

A new study by the brand of 2,000 British motorists found over 9 in 10 Brits (92%) admitted they are bad at haggling when it comes to buying a car and 89% said they find haggling embarrassing and uncomfortable.

In fact, haggling on prices (41%) topped their list of anxieties about buying a new car, along with hidden costs (39%), worrying about making the wrong decision (28%) and having to wait a long time to receive a car after buying it (25%).

Top 10 car buying anxieties according to British adults

1

Having to haggle, negotiate and barter with someone on the price

41%

2

Hidden costs

39%

3

Worrying about making the wrong decision

28%

4

Having to wait a long time to actually receive the car after buying it

25%

5

Finding car terminology and jargon confusing

23%

6

The amount of time it takes to go through the process of purchasing

21%

7

Not properly understanding the financial options available

20%

8

Not knowing what questions to ask

19%

9

Not knowing the long-term running costs

18%

10

Conflicting reviews on cars

16%

In fact, 4 in 5 (79%) Brits think our continental counterparts are far better at haggling and even those who attempt to haggle here in the UK, over a third (38%) admit they are not confident in their own ability. On the back of this research, Auto Trader has introduced a new contactless car vending machine, offering consumers a haggle-free purchasing option.

The bespoke contactless vending machine system installed today in London, allows purchases ofvup to £21,000, showcasing how consumers can “buy and go” without having to worry about any haggling on the price, by finding a car and dealer through Auto Trader.

A team of six engineers spent three months designing and building the contactless car dispenser. A custom-made point of sale system and key release function was created, alongside an integrated payment and door release mechanic.

The installation features a brand-new Renault Zoe by Lookers Motor Group, which is one of the most searched for electric cars in the country, according to search data from Auto Trader. In just the past month, there have been nearly half a million searches for electric vehicles (463,277) on Auto Trader.

The vehicle comes with a price of £16,000 (RRP of £22,470) that has already been agreed with the dealer, meaning drivers don’t need to worry about trying to get the best price themselves. The price reflects the significant discounts buyers can find on new cars with Auto Trader’s pre-haggled prices. Nearly 7 in 10 (68%) of Brits believe that if cars were sold online, pricing would have to be clearer and more consistent – like with the pre-haggled Renault Zoe installation.

The popularity of the Renault Zoe shows drivers ever-increasing concerns around the environment. There has been an astonishing 60% rise in electric car registrations over the past year. Three-quarters of Brits (74%) would consider driving an electric car today, with nearly 4 in 5 Brits (78%) now admitting to being concerned about their carbon footprint when it comes to buying a new car.

A whopping 85% of Brits also find that the stigma around buying and owning an electric car has now gone, with over half of Brits (54%) admitting they would buy an electric car next time they buy a new car. Additionally, when it comes to pollution and emissions in London, well over 7 in 10 (77%) Brits believe only electric and hybrid cars should be used in London.

A spokesperson for Auto Trader said: “Buying a brand-new car is an exciting experience, but it can often be tarnished by anxiety around haggling and knowing whether you’re looking at the right price.

 “So today we’re showcasing a real-life version on what can be found on Auto Trader; brand new cars at transparent pre-haggled prices that you can drive away today.

“The only difference is that this Renault Zoe can be purchased at the touch of a card, testing London car buyers’ appetite for electric cars as well as a more instant purchasing future.”

Drivers can find their new car with Auto Trader, with the Renault Zoe already onsite at pre-haggled prices.

Discover what we are doing to keep #consumers engaged with our platformin order to help #cardealers build their #salespipeline in our latest blog post from our COO Catherine Faiers - https://t.co/t4Sv4m9YjB #cornonavirus #consumerbehaviour https://t.co/7LTGzvyJSN
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On yesterday's customer webinar we highlighted that whilst consumers might not be able to visit dealerships, a variety of metrics indicate there's still consumer demand. If you missed the session, which included @ASE_Global's @mikejonesase, catch up here https://t.co/7qLr0Tz3hT https://t.co/LBGALeheWT
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30 minutes left until today's webinar! Register now to hear the latest advice on what options #cardealers have during #coronavirus. Even if you cant make it we will send you the recording https://t.co/vr0dwQTD3J https://t.co/VuIea3MFoK
Have you signed up to our next weekly webinar? We'll be talking through what options #cardealers have amidst the #coronavirus. Tune in tomorrow at 10am and if you can't make it, sign up and we will send you the recording. https://t.co/vr0dwQTD3J https://t.co/omXRjB386q
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Registered in England (Company number: 09439967)

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Registered in England and Wales (Company number: 03909628)

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