Cost Of Motoring Increases

The RAC has reported that motoring costs are increasing by an average 6.3%.


A recent report shows that the annual cost of owning and running a new car has increased by 6.3% in the last 12 months, this takes the average cost of running a new car from £5,523 in 2009 to £5,869 in 2010 - this equates to 48.9p a mile.


The report is made up from the costs of fuel, insurance, maintenance, road tax, breakdown cover, depreciation and finance.


In addition to this, the price of fuels contribute highly to the increased amount due to fuels increasing by approximately 9.8%. The report shows that both drivers of diesel and petrol owners have noticed the inflation hitting their pockets as fuel costs soar.


Adrian Tink, RAC motoring strategist commented:

“Rises in the cost of motoring for Britain’s 34 million drivers shows no sign of ending. Owning a car is a necessity for most people but they’re once again being hit in their pockets – this time by an increase in costs which is double the rate of inflation.” he added

“Fuel continues to be a major contributor in the rising costs, with little being done to control the spiralling prices at the pumps. It’s time for the Government to look closely at the problem and take action, starting by cancelling the planned fuel duty rise of 0.76p in January 2011.”

“Motorists will continue to be hit hard in the New Year with the additional rise in VAT to 20%. This is likely to take us into a new era of record petrol prices, which is why it is vital the Government takes a close look at the issue to help end the war on motorists’ pockets.”


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24-Nov-2010
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