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)
"Printer-friendly" 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!
Current subscribers, please login or CLICK for support information.