Petrol prices force motorists to purchase smaller vehicles

As the cost of fuel hits 107 pence from Tuesday 1 September following a 2 pence hike, more car owners are purchasing smaller cars in a bid to save money on the ever-increasing prices.

33 percent of drivers are looking to buy smaller, more fuel-efficient cars as they realise that the fuel efficiency of new cars is the most important factor in the bid to save the pennies.

In July, the number of new small cars purchased trebled; bringing great news to the car industry, including Ford who are now planning on constructing an extra 600 vehicles of their popular Focus model than originally intended.

On the other hand motorists looking to purchase a second hand bargain look to face a difficult challenge as small cars increase in price. 50 percent of car owners will now be hanging on to their existing cars as the recession forces motorists to hold off on any new purchases.

However, the new car scrappage scheme has helped many motorists who would normally be unable to afford a new car, upgrade to a more fuel-efficient vehicle.

Insure my Vehicle provides vehicle insurance for protection against theft, third party incidents and fire.

September 04^th 2009

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