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Feb
04
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Rising fuel costs, unstable finance markets and taxation changes with the obvious purpose of getting us to use our vehicles more infrequently have been just some of the difficulties that have influenced the car industry during the past 12 months. The US economy and the ensuing weakness of the buck looks like it may actually make a contribution to the cost of crude oil continuing to rise as backers have been holding the commodity rather than bucks. This implies that as the price of a barrel of crude oil comes near to the $100 figure then so fuel costs have also continued to rise. So do higher fuel costs mean we are probably going to buy or use vehicles, trucks and Wagons less in 2008? Well allegedly not based primarily on a latest poll of motorists.
Notwithstanding fuel costs inflating at worrying rates a huge 79 % of motorists queried asserted they had not modified their gas and fuel purchasing habits and had no intentions to do so. In truth the motorists queried asserted gas costs would increase at even more worrying rates to stop them from filling up.
Environmental problems would it appear not be as critical as central authorities everywhere as over one in three motorists confirmed they had no intentions to replace their cars for more ecological vehicles before 2010. And so if motorists are allegedly untouched by rising fuel costs and are prepared to resume driving notwithstanding increased road tax and the effect on the environment certainly positive times are ahead for the industry in 2008? Well before car makers and dealers start doing cartwheels, caution would definitely be suggested as while General Motors can seen promising performance in emerging markets they have seen gigantic losses in both Yank and EU markets. And with the global economy in such a doubtful state as 2007 draws to a close 2008 could well see new automobile sales fall with used vehicle sales inflating.
Vehicle sales and indeed sales of all sorts are also sure to increase via the Net in 2008 so automobile dealers (new and used) without a Net presence should truly be having a look at creating themselves in this rising market place. And what of the particular motorist, what does 2008 have in store for us? Well how about further increases in auto tax, more toll roads, increased congestion charges and still an appearing shortage of a doable alternative to road use thru trustworthy, clean and safe public transport.
The good news for some motorists on one front is that while the governing body is apparently do all they’re able to penalize the motorist, insurance premiums including auto insurance, truck insurance and motor trade insurance are pretty stable. In reality with such competition in the insurance industry the price tag of insurance like mixed motor trade insurance could even fall and savings might be made. And motor traders who are hoping to make savings on their motor trade insurance premiums in 2008 employing an expert insurance broker could well be the road to take to be certain they get the protection they need at an amount that is right.