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56% of drivers 'underestimated car expense'

MORE THAN half of people who have bought a second-hand car in the last two years have found it more expensive to run than they expected, according to a Government-backed body. Some 56% of motorists said that total cost, including maintenance, repairs, insurance and fuel had turned out to be higher than anticipated and one in five drivers (20%) have resorted to going into debt just to keep their vehicle on the road, the Money Advice Service (MAS) found. One in four (26%) of the 3,000 people surveyed who have bought a second-hand car since 2012 now has regrets about their purchase, with many of them saying they had not worked out whether it was really affordable or that the purchase price was too much in the first place.

Volvo XC30 for 2012

It's starting to look as if the baby Volvo Crossover - the XC30 - is getting close The rumour mill has been working on a smaller crossover/SUV from Volvo for a long time – since just about the time that the Volvo C30 first hit the road. And it’s a car that makes a lot of sense, especially in the current market. So it’s not any sort of surprise to see the rumour resurface, but we’re a bit peeved to have missed (until now) the comment that’s being attributed to Lex Kerssemakers – Volvo’s Overseas Corporate Strategy President – from Geneva when he apparently said “There will be some further expansion of the XC range in the near future”.

UK 2012 car sales analysis: winners and losers

New UK car registrations in 2012 rose to a four-year high, figures released today confirm. Sales jumped 5.3% in the Olympic year compared with 2011 – to 2,044,609 new cars, the largest percentage increase since 2001. Retail sales drove the demand in 2012, growing 12.9% on the previous year.