- My Account
- Logout
- Register
- Login
Why the cost of keeping your car is soaring
Related Articles
05 June 2007
No matter what type of vehicle you drive, according to the AA the cost of keeping it rose from April 2006 to April 2007.
Only the superminis showed a fall in costs, but the May 2007 petrol price increase and rise in interest rates wiped out their saving.
Overall, drivers of petrol cars averaging 10,000 miles a year paid 65.0p a mile in annual motorist costs in April 2007 - a rise of 2.75p a mile on the April 2006 figure.
The new figure taking in May 2007 has pushed the annual cost up to 65.91p.
The average annual motoring cost for the driver of a diesel-powered vehicle doing an average of 10,000 miles a year was 59.61p a mile in April 2007 - a 1.84p a mile rise on the April 2006 figure.
The May 2007 diesel figure has fallen back slightly from the previous month - to 59.58p a mile.
The AA's motoring cost figures include the price of petrol, road tax, insurance, depreciation, capital value of the car, servicing and repairs and parking and toll charges.
Drivers facing the biggest yearly bills are those who own luxury, petrol-powered cars (vehicles worth at least £30,000).
Their annual motoring costs rose from 103.46p a mile in April 2006 to 111.88p a mile in April 2007, going up further to 113.40p a mile in May 2007.
The cost of running a small family car over 10,000 miles was £5,611 in April 2007, up from £5,534 last year. But the May rises have lifted that cost to £5,685.
Supermini owners initially enjoyed motoring costs that were a fraction of a penny cheaper per mile than last year.
However, the May rises have raised their annual cost from £4,336 to £4,401, leaving them £65 worse off over 10,000 miles.
AA public affairs technical specialist Vanessa Guyll said: "Over the past two years, the cost of motoring has dipped and made it cheaper to run a car. However, gains were lost during periods of high fuel prices.
"This year, only superminis started with a tiny improvement - quickly negated by the interest rate rise and soaring fuel prices.
"Insurance, depreciation and fuel are the three main elements in the cost of motoring and, on average, all are costing more and wiping out savings from longer tyre life and servicing intervals.
"As most owners come to pay their motoring bills, each is more expensive than last year's - undermining claims that cars are getting cheaper to run."
Comments
Top stories in News
Top stories in News
-
No end to Tube nightmare as commuters warned of MORE chaos tonight
-
Double dip recession is worse than feared as UK faces ‘hurricane’
-
They attacked "like a pack" raining fists on a defenceless legal secretary. Yesterday they walked free from court. No wonder their victim says she has been denied justice.
-
Mayor demands report from Transport for London into Jubilee Line nightmare that left hundreds of commuters trapped for hours underground
-
Friends of football fan killed after Champions League final tell of 'horror' scene of his death
The O2
Check out the cool stuff happening under our tent such as the hottest gigs, comedy, sport, films, clubs, bars, restaurants and much more.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Win a Silverstone track day with Zantac 75
Feel the burn of a different kind - 20 Silverstone motoring experiences to be won
Reader Offers email A fantastic selection of
offers, giveaways and
promotions.
Cannes Film Festival - in pictures
Biggest ever image of the Queen, and she also appears made out of stamps, cheese and BEER
Man v Woman v Food: the big burger challenge
New kids from the Bloc: new wave of Russians settling in London
London drug dealer pictured himself with bags of cannabis and wearing crown of £20 notes
BarChick: Janet's Bar