Tuesday, 29 January 2008
Motorists are becoming less inclined to buy cars which are more than three years old, according to the latest figures. Research by information services company Experian shows that in the last quarter of 2007, sales of cars which were made earlier than 2004 fell by three per cent. Kirk Fletcher, managing director of Experian's Automotive division, said that insurance companies were in many ways driving this trend towards buying brand new cars rather than second hand ones."Increased warranty cover, free insurance and nought per cent finance deals on new cars are influencing the decision to buy a new car over a nearly new one," he said."The gap is closing and nearly new cars no longer hold the appeal they once did."Recent figures from Norwich Union show that some motorists are unnecessarily spending up to £1,500 a year on car insurance by not shopping around for better deals. Car Insurance - the cheapest on average
Bookmark this article:
News Home