Wednesday 30th January 2008
Be Wiser Insurance

Vehicles can depreciate in value rapidly within three years of purchase, according to a used car expert.

Experian comments that over the third quarter of 2007 sales of automobiles less than three years old fell by eight per cent against figures from the corresponding period of 2006.

This could have an effect on car insurance costs, as fewer relatively new vehicles could mean that people find cheaper deals to cover their older vehicles.

Experian's automotive division managing director Kirk Fletcher states that the rapid rise of the base rate over 2006 affected used car sales.

He said: "Sales of 'big ticket' items, such as cars, were the most likely to suffer, and they did. The third quarter of 2007 saw the biggest drop in sales for the year so far."

This comes as Auto Industry reports that has been launched by

The search engine allows motorists to find a used vehicle which suits their needs exactly.

Tagged In:

School drop-offs appear to be the main cause for return of the morning rush hour
Car Insurance
Friday 16th October 2020
Data from September showed traffic levels to up again during the typical morning rush hour times. It appears that this is due to people dropping children off at schools and nurseries rather than by commuters heading to places of work.
18% of UK drivers aged 17-24 admit to video calling whilst driving
Car Insurance
Monday 12th October 2020
A recent report has revealed that 18% of young UK drivers are taking video calls whilst driving, which is concerning to hear.
An ‘affordable’ Tesla could hit the car market by 2023
Car Insurance
Friday 9th October 2020
Elon Musk has announced upcoming plans for Tesla, including making an affordable electric car within the next 3 years.