Commentary | Interest rate cut

The rate cut is the green light the market has been hoping for, turning consumer intent into action by putting more money back into the pockets of car buyers and lowering the hurdle of monthly finance costs. With nine in ten buyers already viewing motoring as a necessity, it should provide a significant shot in the arm for consumer confidence.

Key spokesperson

Ian Plummer

Chief Commercial Officer

CONNECT

"For the majority of buyers who rely on finance, even a small cut can result in a meaningful reduction in monthly payments, making their next vehicle more affordable. We already see very strong levels of car buying intent on our platform, with nearly 2,000 visits every minute, and this easing of financial pressure should accelerate that momentum.

"As we look ahead to 2026, where we forecast the market will finally return to its pre-pandemic scale of around 10 million transactions, today’s cut acts as an important tailwind. It’s not just a win for consumers; it’s also a stimulus that will help retailers maintain the pace we’ve seen in the used car market, particularly as electric vehicles reach price parity across key segments, and stock is turning faster than ever."