Driving force: how motoring habits have changed
Since the first lockdown began in March 2020, Covid-19 has impacted motor trade insurance and car retail in a number of ways. Most notably there was a huge rise in used car sales throughout 2021 because of a decline in new cars being built due to a global shortage of essential parts required to build new cars. Furthermore, fewer people have been on the road because of driving test cancellations and a huge backlog in DVLA processes. The UK has also had to contend with fluctuating fuel prices, from low costs in the early stages of the pandemic to an enormous fuel crisis in the summer of 2021.
Although vaccines have played a part in helping to control the pandemic, it’s clear that we aren’t entirely out of the woods just yet. Many problems caused by Covid-19 are still affecting us today, with issues such as the new car shortage expected to last into the first half of 2022. We’ll take a look at how the pandemic has affected the industry and car sales around the UK, as well as consider the impact on motor trade insurance and car insurance premiums. We’ll also predict the lasting impact of Covid-19 on all things driving-related as we move through 2022.