Huge upturn in car demand, figures show

Although many people are under financial pressure, Aussies are still keen to get their hands on a new vehicle this year.

Latest statistics released by Roy Morgan Research have shown that in March 2012, 741,000 Australians said they intended to buy a car.

This is a significant rise on the previous month's figure of 684,000 and is the highest reading for ten years.

Of course, running a vehicle is far from cheap, as petrol prices have spiralled upwards in recent months.

To drive down costs, motorists should look to compare car insurance policies, as the rates offered by different providers can vary greatly.

Industry communications director at the research organisation Norman Morris said that 2012 looks like being a highly successful year for the car industry.

"Much of the growth is in the SUV [sports utility vehicle] market, with the newly redefined 'Large SUV [for less than] $70,000 segment' improving the most over the recent term," he remarked.

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