Allianz Study on mobility: owning a car becomes an economic privilege

Due to high fuel prices, owning a car has become increasingly expensive and is expected to maintain this trend, consider the authors of the latest study Allianz Risk Pulse, which discusses the future of mobility

In Germany, prices for gasoline have increased by at least 30% in 2005. In the UK, the use and maintenance costs were identified as the main reason that representatives of the younger generation do not drive a car.


Not to be overlooked is also the fact that the crisis has put great pressure on household budgets.


In this context, the figures on the evolution of sales and registrations of new cars show a continuous decrease in the European Union, from 15.6 to 12 million cars in 2007-2012The decline was generated by evolutions in both Western Europe and in the countries of Central and Eastern Europe.


Romania is among the markets with the steepest drop in sales of new cars in the last 5 years, by 77%.


Among the European countries monitored by Allianz Risk Pulse, only Greece has shown a more accelerated dynamic of contraction in new car sales, by 79%, in that period.