Car Insurance News from Be Wiser

Car sales 'should strengthen next year'

The number of people taking out new car insurance policies next year could be set to rise, if comments by EurotaxGlass's are anything to go by.According to the group, the second hand vehicle market will show signs of recovery first, with new models following suit.However, the firm acknowledged it would be the end of next year at least before fleet registrations picked up.The arrival of the 09 plate in March would give a better idea of how the industry as a whole was coping with the economic downturn, the group added.Managing editor Adrian Rushmore stated: "We believe the swift and painful downturn we saw in the summer months of 2008 was probably a one-off event."He added the fact economists thought the inflation rate had peaked was good news for the vehicle industry.Meanwhile, EurotaxGlass's recently highlighted comments from PricewaterhouseCoopers which suggested the number of dealers in the UK could be set to fall as a result of vehicle manufacturers' tightening control over standards.

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