Worries persist about fuel prices

Worries persist about fuel prices

BCA LogoFollowing the announcement by Chancellor George Osborne to further delay the 3p increase in fuel duty, new research from vehicle auction company British Car Auctions (BCA) highlights motorists continued worries about the cost of fuel.

Over 60% of respondents to the BCA research cited the cost of fuel as their biggest motoring concern. The BCA data, based on research conducted at the end of May and early June, also reveals that motorists have been changing their driving behaviour to try to combat rising motoring costs.

“Our research shows that the cost of fuel remains the top priority for motorists, with many changing the way they drive to maximise their fuel efficiency,” said BCA spokesman Tim Naylor. “With this in mind, the postponement of the fuel duty increase combined with a general reduction in fuel prices in recent weeks will come as a relief to many motorists.”

Data from the BCA research reveals that 63% of motorists said they have cut back on car usage in the past year due to the increased cost of fuel with nearly 45% opting to walk more as a consequence.

However, despite 63% of respondents from the across the country saying they are limiting their car usage in the face of rising fuel prices, nearly 65% still fill up the tank when they go to the petrol station.

“At BCA, we have seen increased demand for smaller, fuel-efficient vehicles, as UK households look to cut their motoring costs and consequently values have tended to rise for these more economical cars”, concluded Naylor.

 

 

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