Demand 'remains high for premium cars'
Category: Motor trade insurance
Brits continue to buy premium vehicles despite rising petrol prices, new research has found, which may interest motor trade insurance customers.
A report conducted by Glass's showed that sales of luxury cars, large prestige sport utility vehicles and supercars - some of the most fuel hungry models on the market - have not fallen despite pump prices standing at record highs.
Adrian Rushmore, managing editor at Glass's, commented: "Given the series of fuel price increases, it is perhaps surprising that there has not been any kind of backlash in the premium sectors this time around."
He also predicted that sales of premium vehicles will continue to remain strong in the future, as many people do not rely on these as their main form of transportation but desire the prestige which ownership brings.
Recently, the Society of Motor Manufacturers and Traders revealed that 397,383 new cars were registered in March, showing a 26.6 per cent increase on the same month in 2009.
Get a specialist business insurance quote from Swinton Commercial.
This news story is presented for general information purposes only, and does not necessarily reflect the official
views, policy or practice of Swinton Commercial. All news stories are provided by and are the copyright of Adfero
Limited. Swinton Commercial accepts no liability for any errors or losses that may incur if the information is
relied upon.