Car insurance holders boost sales

Thursday, 12 January 2012

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Car insurance holders throughout Britain have contributed to the economy by helping the motor industry attain sales results that beat expectations in a difficult 2011.

Figures displaying the number of new car registrations in Britain last year revealed that sales dropped by 4.4 per cent compared to 2010, as 1.94 million new vehicles were sold despite the challenging economic environment.

The Society of Motor Manufacturers and Traders (SMMT) conducted the research, finding that the number of vehicles sold was higher than the 1.92 million figure predicted for the last 12 months.

Fleet sales are believed to have been a major factor in boosting the performance, as more fuel efficient models are becoming popular in the fleet market.

Paul Everitt, SMMT chief executive, said: "Weak economic growth will make trading conditions tough in 2012, but record numbers of new and updated models, significantly improved fuel efficiency and exciting new technologies will help to encourage consumers into showrooms."

Copyright Baubridge Ltd.

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