The rising cost of motoring

The rising cost of motoring is having a big impact on drivers with 78% of respondents to a Hastings Direct survey saying it has affected how often they drive.  The survey found:

  • 1% of drivers have given up their car completely in order to cut down on household bills
  • 74% of respondents say that they have cut down on using the car – of these, 49% have cut back by at least 25 miles a week, 32% by at least 50 miles a week and 7% by over 100 miles per week
  • 1 in 5 drivers say that they will give up their car if petrol hits £2 per litre, while 12% will buy a hybrid or electric car if prices hit that level

 

Source:  Credit Action – February 2012 edition

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