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CAR NEWS - Jan 2007 Smaller New Car Market to Grow Analysts are predicting a big growth in new car sales for the smaller vehicles over coming years. This is likely to happen in the UK, Europe, and even in the USA where big cars are traditionally favoured. Reasons behind the shift seem to be related to the growing cost of fuel, particularly in the UK, and running costs for larger cars. Fuel prices are, as always, extremely sensitive to world events and a crisis in or near an oil-producing country can set the international fuel markets on edge. Developing nations such as China and India are also expanding their demands for fuel turning the sale of oil into a seller's market, and relentlessly driving up the cost of petrol and diesel.
Within 6 years, the small new car market is set to expand by close to 30%.
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