Fewer new car insurance owners

Sunday, 08 August 2010

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Fewer drivers were looking for car insurance quotes for new vehicles last month, new figures from the Society of Motor Manufacturers and Traders (SMMT) have revealed.

New car sales dropped for the first time in a year, the latest SMMT statistics show, with 136,466 sold in July - a fall of 13.2 per cent compared with the previous month.

The end of the car scrappage scheme and continuing financial worries were blamed for the drop, which Paul Everitt, chief executive of the SMMT, said was to be expected.

"Subdued consumer confidence and a still fragile economic recovery make the outlook for the remainder of 2010 challenging, but a stronger than expected first half means full year volumes are still forecast to exceed 2009's total," he said.

It is a contrast from the previous month's figures, when new car registrations were up by 10.8 per cent and 19.9 per cent for the first half of 2010.

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