January 23, 2012 19:00 ET

Swinton Estimates the Average Age of the Nation's 'Old Bangers'

MANCHESTER, UNITED KINGDOM--(Marketwire - Jan. 23, 2012) - Swinton, the UK's leading retailer of car insurance, has recently estimated the average age of a typical UK car.

Figures release from 2011 Used Car Market Report published by BCA saw an extra 270,000 rise in used car sales. Used car sales have rapidly increased since 2010 and Swinton believe this could be due to the expensive price tag of brand new models and the worry of motorists been caught up in finance debt.

In 2011, Swinton saw a rise in motor insurance policies being purchased for vehicles between the ages of 10 and 17 years old. The increase rose by 5% compared to previous years and Swinton is expecting to see this figure to rise in 2012.

Swinton has predicted that by the end of 2012 they will see a rise in quotes and car insurance purchases of approximately 24.5% for used cars between the estimated age of 10-18 years old.

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

For more information please contact Mairead Rodden or Lucy Gordon at SKV Communications on 0161 838 7770 or email firstname.surname@skvcommunications.co.uk.

About Swinton

  • With 553 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 on hand at every branch to search a panel of insurers to offer quality cover at competitive rates.

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