LONDON — A car in Britain generates more money for the government in taxes than it does for anyone else during its lifetime, says a study by the British automotive industry association SMMT. The report “Who's Milking the Motor Car?” studied the theoretical life of a car about the size of a Ford Escort bought new in 1992 for US$11,800 plus tax and written off for US$1,000 after its sixth owner had an accident in 2000. During those years, the car generated US$16,514 in sales tax, road tax, ...
Premium Content (PAID Subscription Required)
"Study: cars fuel taxes, economy" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642