Industry News from Yes Insurance

The number of people looking for third party insurance after buying a used car could be set to rise, if comments from EurotaxGlass's are anything to go by.

The group said sales of second hand vehicles should see an upturn next year, with new cars following suit.

However, it acknowledged fleet registrations are expected to experience difficulties at least until the end of 2009.

Managing editor Adrian Rushmore stated: "We believe the swift and painful downturn we saw in the summer months of 2008 was probably a one-off event."

He added the arrival of the 09 plate in March would be an acid test for new and used sales.

Mr Rushmore claimed early indicators were good, as economists are agreed the inflation rate has peaked.

In other news, EurotaxGlass's recently reported PricewaterhouseCoopers predicted the number of car retailers in the UK will drop over the coming years as a result of vehicle manufacturers' tightening control over dealership standards.

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