New car sales rise in August, figures show

Money may be tight for a lot of the population, but figures have suggested that the demand for new vehicles is still high.

According to the Australian Bureau of Statistics, the number of cars being purchased across the country last month was up by 3.6 per cent in seasonally adjusted terms.

Sports utility vehicle sales were 4.3 per cent higher, while the number of passenger cars being sold increased by 4.7 per cent.

Despite this upturn, it seems that the rising cost of motoring has forced plenty of Aussies to use their vehicles fleetingly.

The Motor Trade Association recently warned that a lot of drivers are putting off essential repairs in order to save cash, which is obviously placing lives in danger.

Of course, there are far better ways to reduce the cost of vehicle ownership.

Buying smaller, less powerful models is a good way to go, as this will ensure you do not have to spend as much on fuel and there is also every chance that your car insurance premiums will be far lower.

Insurers tend to charge less if they think a customer is less likely to have an accident.

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