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Car Insurance News – Slowdown in Car Sales Means Trouble for Car Insurance Providers July 10, 2008

Recent sales figures released by Land Rover show sales this year are down by 33% on the same period last year. This trend is being echoed around the automotive sector with overall registrations down 3.5%; a definite sign of delicate trading conditions on the horizon for car insurance providers.

Land Rover officials stated that they expected the downturn based on the problems in the economy and a growing number of customers opting for greener cars as consumers turn their back on “gas guzzlers.” Another statement released by the manufacturer said that trading in May 2007 had been “a very strong month” and this worsened the 2008 Q2 figures.

The Bank of England base rate remained unchanged today at 5.0% which will not ease the pressure on the automotive market. Its likely that some of the smaller car insurers will disappear or be taken over by larger rivals.

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[...] Real Estate Experts, Free Real Estate Articles, Real Estate Authors, Real Estate Tips and Hints wrote an interesting post today onHere’s a quick excerpt Recent sales figures released by Land Rover show sales this year are down by 33% on the same period last year. This trend is being echoed around the automotive sector with overall registrations down 3.5%; a definite sign of delicate trading conditions on the horizon for car insurance providers. Land Rover officials stated that they expected the downturn based on the problems in the economy and a growing number of customers opting for greener cars as consumers turn their back on “gas guzzlers.” [...]

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