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Cost of Motoring and the Living Cost and Food Survey
David LeiblingIndependent Researcher
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Royal Automobile Club
RAC Motoring Services
Independent motoring research
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Petrol and diesel
Transport Components of LCFS
New and used car purchase
Spares and accessories
Also covers motorcycles, bicycles, caravans
Servicing and repairsAA/RACGaraging, parking, driving lessons, antifreeze
Car hire and leasingBus fares, train fares,
season tickets, combined ticketsInsurance, fines and taxation
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Transport Cost Indices
0
50
100
150
200
250
19961997199819992000200120022003200420052006200720082009201020112012
Total motoringFuelRail faresBus faresCPIRPI
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Motoring Cost Indices
0
50
100
150
200
250
300
350
400
19961997199819992000200120022003200420052006200720082009201020112012
Total motoringNew carsUsed carsFuelMaintenanceInsurance
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Motoring Cost Indices
0
50
100
150
200
250
300
350
400
19961997199819992000200120022003200420052006200720082009201020112012
2012 Q1
2012Q22012Q32012Q4
Total motoringNew carsUsed carsFuelMaintenanceInsurance
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Transport costs related to total spending
0
100
200
300
400
500
600
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Other
Fares and othertravel costsMotoring
£ per week 2011 prices
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Transport costs related to total spending
0
100
200
300
400
500
600
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
0%
2%
4%
6%
8%
10%
12%
14%
16%
Other
Fares and othertravel costsMotoring
Motoring %
£ per week 2011 prices
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Car ownership per household
0
10
20
30
40
50
6019
80
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
%
One car
No car
2 or more cars
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Transport components of LCFS% of reporting households
0%10%20%
30%40%50%60%70%
80%90%
100%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Transport
Car operations
Bus fares
Train fares
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Transport components of LCFS% of reporting households
0%10%20%
30%40%50%60%70%
80%90%
100%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Car operations
Used cars
New cars
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Transport components of LCFS% of car owning households
0%
20%
40%
60%
80%
100%
120%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Insurance/tax
Repairs
Spares
Fuel
Parking
AA/RAC
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Extrapolation by month/quarter
• LCFS only published annually, 11 months in arrears• Adjust using monthly CPI components• Does not allow for change in consumption
Vehicle costs for 2011 from 2011 LCFS (published in November 2012): £3,117
Vehicle price index for 2011: 103.8Vehicle price index for 2012: 103.1
Ratio: 0.993
Updated vehicle costs for 2012: £3031*0.993 = £3096
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Cost of Motoring
0
1000
2000
3000
4000
5000
6000
7000
200120022003200420052006200720082009201020112012
2012 Q1
2012 Q2
2012 Q3
2012 Q4
Tax
Insurance
Other
Serv ic ing and repairs
Fuel
Purchase of vehic les
︵householdspurchas ing ︶
£ per car per year
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Changes in the cost and price of motoring
2001£ per car
2012 £ per car
% change in £/car
% change in CPI
Depreciation 2960 3100 5% 1%
Fuel 1000 1570 56% 81%
Servicing 480 580 20% 58%
Insurance 460 590 27% 102%
Tax 160 190 16% 37%
% change in use
+4%
-14%
-16%
-31%
-15%
Change in fuel consumption = 156/181 = 0.86; reduction =14%
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Insurance Cost Indices
0
50
100
150
200
250
2006 2007 2008 2009 2010 2011 2012
Confused.comCPI AA/BIPILCFS expenditure
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Comparison with AA/RAC cost indices
AA/RAC LCFS
Assumed mileage Actual mileage
Assumed fuel consumption Actual fuel usage
Assumed depreciation Actual re-purchase costs
Assumed service according to manufacturer
Actual service patterns
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Comparison with AA/RAC cost indices 2012
£ per vehicle per year
LCFS RAC AA
Depreciation 3100 2820 2550
Fuel 1570 1240 1190
Servicing 580 410 630
Other 150 150 210
Insurance 580 490 1040
Tax 190 190 190
Total 6170 5300 5810
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Motorists’ views on cost of motoringRAC Report on Motoring
• Confidence in accuracy of estimate– Insurance 62%– Fuel 46%– Servicing 34%– Depreciation 14%