Car insurance: Used cars to get energy labels

Tuesday, 03 November 2009

A new colour-coded labelling scheme will allow car insurance customers to see the likely fuel and environmental costs of used cars at a glance.

As well as the make and model of the car, estimated road tax and CO2 emissions, the Used Car Fuel Economy Label will also show the estimated costs of fuel over 12,000 miles, which is the annual average mileage.

The Low Carbon Vehicle Partnership (LowCVP) created the new system with support from the Society of Motor Manufacturers and Traders as well as the government and the Retail Motor Industry Federation.

Car dealers are not required by law to take part in the new scheme but the voluntary initiative has so far attracted 1,000 car dealers to agree to provide their customers with the labels.

This makes up 94 per cent of the UK car dealers but private sellers do not use the labels.

A label for new cars has been in place in the UK since July 2005 and has so far proved to be hugely successful in keeping consumers well informed.

Posted by Rebecca Mellor

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