Young Driver
£63bn to be spent buying cars
Tue, 28 Mar 2006
New research has found that £63 billion will be spent on buying cars in the next six months alone.
A Sainsbury's study has found that the number of people intending to buy a car has dramatically increased, despite rises in fuel prices.
In total, 7.85 million people intend to buy a car between March and August, an increase of over half a million people.
Steven Baillie, of Sainsbury's, said: "For the first two months of this year, sales of brand new cars were widely reported to be down when compared to the same period in 2005.
"However, our findings show that more people are planning to buy brand new and second hand cars, which is good news for the motor industry."
Whether you intend to buy a new car or a second hand one, getting car insurance aimed at your specific group, for example young driver car insurance or women's car insurance, is good way of getting on the road for less.
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