The credit crunch and ensuing economic turmoil are having some nasty effects on a great many people - being forced into pay cuts or job losses for employees, or the employers facing shortfalls in turnover. If you're doing anything but selling food, gas or electricity, you've certainly felt some effect.
The silver lining within all this is that motoring has become cheaper on many levels:
Petrol is now down to around 82.9 pence per litre. That's the level it was at three years ago, though prices have levelled out now - it's worth remembering that with the petrol duty at 55p the cheapest petrol could ever be is 65p. That's if petrol was free and you only paid the duty tax and the oddness that is VAT on the tax.
The caveat on cheap petrol is that you really need to shop around as the differences between individual petrol stations has rarely been wider - barely 100 yards can separate 82.9p from 88.9p. I'm struggling to find good reason for this and have been unable to see a pattern. Previously cheap stations are now expensive and vice versa, with plenty of random variation.
The UK government has partially backed down from the ridiculous increases in road fund. There will still be above inflation increases, but of around £20 instead of £200. Sadly, much damage has already been done here - thousands of pounds has been wiped off the value of larger cars and there's little chance of values increasing...
Conversely, if you're look for a bargain car, now is a good time to look. In the second hand market, small cars and diesels are less affected but something like a 3 litre petrol (never a good bet for residuals) can be had for peanuts. Even high performance cars have seen values cut in half. If you can stretch to new or nearly new, expect to find thousands off the forecourt window prices; that's before you begin to haggle! I've done a little shopping and have seen the highly competent Honda Jazz at two grand off with very little effort.
The world's consumers are holding their breath at the moment, but businesses don't survive without sales; if you're lucky enough to have a job and steady income then there is much out there ready for the taking.
As a footnote, keep using What is my MPG to help you keep your motoring costs down - the site only exists to serve its users. A stack of new features are in the pipeline to help out with that MPG figure as well as some related fuel and money saving projects. Stay tuned!