UK 'still in love with big cars'

www.moneynews.co.uk > Insurance > UK 'still in love with big cars'

UK 'still in love with big cars'

Mon 9th Mar 2009

A survey published recently has revealed that many people in the UK are still in love with large, high-performance vehicles, despite the fact that they cost more to insure and run.

The poll, conducted by Experian, revealed that only 18 per cent of people would consider buying a car with a smaller engine, despite the fact that it may offer better fuel economy.

Experian also found that just 16 per cent of people would consider buying a smaller vehicle as their next car, with 15 per cent of men saying they would buy a bigger car as their next vehicle.

Kirk Fletcher, managing director of Experian's automotive division, said: "Concerns about running costs are […] causing consumers to be more cautious about their spending.

"However, even when living through a downturn, there is still a reluctance to downgrade."

Recent research by the AA revealed that increasing numbers of Brits are choosing second-hand cars over brand new models, in an effort to cut costs.

Click here for more insurance news

Related News : Insurance
	Under-insurance 'a costly mistake for Brits'
	Rodents and pests 'causing havoc for homeowners'
	Brits 'should be aware of home cover details'
	PPI scandal 'has helped tighten financial regulation'
	Location 'can impact home insurance costs for Brits'
	FSA and CC 'failed to tackle PPI issue head-on'
	Pet cover 'important for Brits to get right'
	UK homes are 'falling into disrepair'
	Brits advised on reducing home insurance cost
	UK insurance 'has become more complex'