Thursday, April 25, 2024
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cost of running a car on the rise

Useful sales material for motorcycle dealers is that the cost of running a car has leapt by more than 10% in the last year, according to automotive expert hpi.  

The research examined a range of factors from depreciation to fuel costs and repairs to calculate a total cost of ownership on some popular models.

The research looked at the cheapest vehicles to own in 2016 against 2017. It found the cost per mile for the Peugeot 108 increased from 24p to 27p. The Toyota Aygo jumped by over 15% from 24p to 28p over the same period.

According to government data, unleaded fuel prices increased from 101.46p in March 2016 to 120p a litre in March 2017.


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