Car insurance: Motorists have downsizing plans

Tuesday, 13 May 2008

A survey released by Motorpoint, a UK car supermarket group, has indicated that two-thirds of car owners will be downsizing with their next purchase.

The reason that many drivers taking part in the survey gave was the improved fuel economy that comes with a smaller vehicle.

Another main reason given was the slower depreciation that smaller cars benefit from in comparison to larger vehicles in the UK.

David Shelton, managing director of Motorpoint, said: "These figures show a potentially massive shift of over two thirds of the motoring population - about 20 million people - into smaller vehicles.

"It's clear that the benefits of a smaller car are becoming more important as a whole range of economic and environmental considerations start to bite."

Other factors that may influence vehicle buyers include car insurance and suitability.

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