Average age of Used Cars

The leading retailer of car insurance in the United Kingdom, Swinton, has recently made an estimate of the average age of a typical car in the nation. 

Figures from the 2011 Used Car Market Report, which was published by BCA, show an additional rise of 270,000 in the sales of used cars, which have been rapidly increasing since 2010.  Swinton believes that the increase in the sales of used cars is because of the expensive nature of brand new models, with motorists increasingly worrying about becoming caught up in financial debt. 

A rise in motor insurance purchased for used cars, which were between ten and 17 years old, was witnessed by the company last year, an increase of 5% in comparison to previous years, with Swinton predicting a similar rise over the course of 2012 as well.  Swinton says that they expect to see a rise in both quotes and purchases of car insurance of around 24.5% for used cars between ten to 19 years old by the end of this year. 

"More motorists are opting for used cars as it seems to be a cheaper alternative" notes the Claims Manager at Swinton, Steve Chelton.  "In this current climate, people cannot afford to pay for new cars in full or they do not want to be tied into financial debt.  Drivers need to be aware when purchasing older cars to make necessary checks to ensure the vehicle is in good condition and road worthy."

published: 25/01/2012