The number of people looking for new vehicle performance car insurance could be set to fall, if the figures from a recent survey are anything to go by.
Research by Sainsbury's Finance has revealed the number of people planning to buy a car remains at a three-year low.
The poll has indicated 6.85 million motorists intend to purchase a car between now and March 2009, down from 6.86 million people during the preceding six-month period.
However, although the number of car buyers has fallen, the amount people are intending to spend has risen by £2.1 billion.
Commenting on the research, Steven Baillie from Sainsbury's Finance, said: "We've been conducting our car buying index now for the past five years and our findings would certainly reflect the economy's current uncertainty."
However, in other news, a survey by Manheim Retail Services has revealed demand for used cars is still relatively buoyant despite the credit crunch tightening its grip on the UK economy.
