New figure published by the AA have highlighted an upturn in the number of people planning to buy a new car this year.

According to the organisation's findings, 27 per cent of motorists are considering making a purchase in 2014 – up from 11 per cent last year – while half of those who intend to change their main car within the next five years say they will likely do so more than once.

Mark Huggins, director of AA Financial Services, said: "Given the cost, buying a car is a decision that's not taken lightly so it's encouraging to see the car sales market is really picking up."

He added the most likely reason for this upturn in impending car buyer activity is an increasing confidence in the state of the economy, including falling unemployment and a rise in the housing market driving increased consumer sentiment.

Overall, the average value of vehicles that buyers will be looking at this year lie in the £5,000 to £10,000 price range.

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Posted by Clare Lafferty, Account Manager, The Fuelcard People.