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Motoring costs rise for drivers

Updated on 05 June 2007

Source ITN

The yearly cost of keeping a car on the road has increased, it has been revealed.

The AA said owners of superminis - like the Volkwagon Polo or the Fiat Punto - were the only ones to see annual costs fall in April this year, in comparison to April 2006.

But the petrol price increase in May and the rise in interest rates voided the supermini 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 in the previous year.

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.

Drivers facing the biggest yearly bills are those who own luxury, petrol-powered cars, or 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 to 113.40p a mile in May 2007.

The cost of running a small family car over 10,000 miles was £1,611 in April 2007, up from £5,534 last year. But the May rises have brought that cost up to £5,685.

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.

"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."

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.

© Independent Television News Limited 2007. All rights reserved.

These news feeds are provided by an independent third party and Channel 4 is not responsible or liable to you for the same.

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