Demand for new cars rises even further

The demand for new vehicles shows no sign of relenting down under, as statistics suggested that 721,000 people intend to buy a car in the next 12 months.

Figures compiled by Roy Morgan Research have indicated that this is a sharp rise on April's results, when just 706,000 outlined their intentions to scour show rooms for a new model.

The organisation's industry communications director Norman Morris confirmed that new vehicle sales reached a record monthly high of 96,069 in May and there is every chance that targets for 2012 will be surpassed.

This is remarkable when you consider that the cost of running a motor has spiralled upwards in recent years.

With petrol, maintenance and car insurance costs to consider, drivers are having to dig deep in order to keep their vehicle on the road.

One way to force down your expenses is to compare car insurance policies online, as you will inevitably find a provider that will offer you a much cheaper quote.

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