mycar Cost Of Living Research
New research from mycar Tyre & Auto reveals how cost-of-living challenges are reshaping mobility in Australia, with three in five vehicle owners (60 percent) changing their vehicle maintenance habits amid economic pressures and over three-quarters (77 percent) performing some form of car maintenance themselves.
The recently released mycar Mobility Index reveals key insights into the sentiment and outlook of Australian drivers across EVs, vehicle servicing and maintenance, the role of technology in cars and the future outlook for mobility in Australia.
Of the 2,004 car or vehicle owners surveyed, nearly a quarter (24 percent) have extended intervals between regular maintenance services and a fifth (21 percent) have opted for lower-cost maintenance services or repairs when available.
Financial pressures are prompting half (49 percent) of vehicle owners to adjust their insurance coverage, with over one in ten (11 percent) dropping it entirely, and over a quarter (27 percent) opting for cheaper policies while maintaining some level of coverage. Meanwhile, 14 percent missed or struggled to make a vehicle insurance payment due to the rising cost of living.
