Car insurance: Used-car dealerships 'stop shutting down'

Thursday, 02 November 2006

If you are looking for a new motor then the good news is that the dearth of used-car traders is in decline and this year less automobile businesses have closed down.

Research by Experian, the global information solutions company, has found that the number of business failures in the car industry has declined by almost 19 per cent so far in 2006.

This may mean more choice for those looking to buy a new car after nearly three years of searching the high street in vain. Of course, looking for a cheap car insurance quote has always been relatively easy if you shop online.

Rob Whalley, managing director at Experian, said: "Motor traders must continue to take steps to find out where growth can be achieved in such a competitive marketplace.

"Recognising that the customer's voice has changed and employing the latest strategies for customer acquisition and retention is just as important as balancing risks successfully."

When looking for a used car, be sure to check that its safety features are still intact and that its anti-lock brakes are working thoroughly.

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