Industry News from Yes Insurance

The effects of the credit crunch, in addition to rising fuel prices, have increased interest in alternative fuels, according to an auctioneering group.

British Car Auctions (BCA) has stated that acceptance from the general public is still a main problem for green issues in the UK, but more people now consider switching to an eco-friendly model.

Speaking on behalf of the BCA, Tim Naylor remarked that such vehicles have also grown in popularity in the used market.

He said: "It would appear demand is on the rise because prices for hybrid/electric and LPG powered cars are well ahead of other market sectors and expected guide prices."

It could also be that car insurance companies offer cheaper deals to motorists who take out environmentally-friendly cover policies.

This past weekend's Goodwood Festival of Speed saw Hyundai debut its environmentally-friendly, low emissions QarmaQ model in the UK.

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