May 02, 2010 19:00 ET

Swinton Commercial Sees Uplift in Used Van Insurance Enquiries as Prices Reach Record High

MANCHESTER, UNITED KINGDOM--(Marketwire - May 2, 2010) - Van insurance retailer Swinton Commercial has reported an increase in quotes and enquiries for older van models over the past few months.

Following recent data released by British Car Auctions (BCA) showing that the cost of used vans has increased dramatically in the past year by 41.6 per cent from £3,182 to £4,507, van insurance retailer Swinton Commercial has hailed the rise in demand as a positive step for the UK van industry.

The van insurance retailer also welcomed recent statistics from the Society of Motor Manufacturers and Traders which revealed that new van demand is also on the up.

Phil Moss, Commercial Vehicle Manager at Swinton Commercial, said: "Demand for used vans continues to rise while the relative lack of supply continues to affect values, explaining the steep rise in prices over the last year.

"While this is a positive sign for the UK van industry, it will definitely be seen as a negative for consumers who are already feeling the pinch in the economic downturn."

Swinton Commercial has also offered advice to motorists thinking of purchasing a second hand van.

Phil Moss added: "Van drivers looking to buy a new vehicle need to consider several things before committing to a purchase. There are several safety and performance checks that should be carried out to check that the bargain really is worth it.

"Failing to perform the correct checks could invalidate your van insurance policy if the problems were found to be pre-existing before you bought the van."

Swinton Commercial has provided the following tips to consumers hoping to purchase a second hand van:

  • Ensure that the vehicle is suited to the job it is undertaking

  • Check that the van is mechanically sound, including previous MOTs and tyres

  • Consider fuel efficiency if you plan to cover a substantial amount of miles of the course of a year

  • Check the levels of security as it could affect your van insurance premium

  • Check the mileage clock and compare to service history

  • Test the brakes for wear and tear

  • Examine the oil and anti-freeze levels

  • Check that the transition between all gears is smooth

  • Check that all paperwork is in order, paying particular attention to the vehicle identification number

About Swinton:

  • Swinton Commercial is the dedicated commercial insurance division of the Swinton Group

  • Swinton Commercial was awarded Commercial Lines Broker of the Year 2008 and is a finalist at the British Insurer Awards 2009

  • With 580 branches nationwide Swinton is the UK's largest high street insurance retailer

  • Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community

  • Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance

  • With a dedicated team of advisors on hand at every branch to search a panel of insurers to offer quality cover at competitive rates

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