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Used car sales increased by 1.18 per cent in the UK between 2013 and 2014, reaching the highest sales figures since 2008

Used car sales increased by 1.18 per cent in the UK between 2013 and 2014, reaching the highest sales figures since 2008. It was estimated by Experian that around 7.21m used vehicles were sold in 2008 alone. Around 70,000 Ford Fiestas changed hands in the fourth quarter of last year, making it Britain’s top selling used car. The Ford Fiesta was followed closely by the Ford Focus, Corsa and Vauxhall Astra.

Automotive director at Experian, Andrew Ballard, stated: “Car buyers are changing. People are thinking beyond the initial purchase price and more about the monthly impact and affordability of owning and operating a car. Motor traders have responded by offering service and warranty packages [and] more flexible car finance for used vehicles, giving people confidence their investment will provide value in the long-term.”

As leading providers of extended warranty, Click4Warranty take a keen interest in relevant industry news. A spokesperson from the company made the following statement: “The fact that more and more motorists feel confident enough to purchase second hand vehicles is fantastic news. Buying second hand is becoming an increasingly affordable alternative for drivers all over the country.

“However, it’s important that drivers ensure that their second-hand car warranty effectively covers their vehicle. Many warranty providers will enforce a time/mileage cover period and will not cover used vehicles for wear and tear damage. This can make owning a second hand vehicle significantly more expensive in the long run should your vehicle suffer a mechanical breakdown. It’s imperative that your warranty policy entirely suits the needs and demands of you and your used car.”

Click4Warranty is a UK based firm and online provider focused on providing flexible insurance products to their consumers. As well as being FCA registered the company is also a member of the Financial Ombudsman service (FOS) and the Financial Services Compensation Scheme (FSCS).

This press release was distributed by ResponseSource Press Release Wire on behalf of Click4Warranty in the following categories: Men's Interest, Motoring, Personal Finance, for more information visit http://pressreleasewire.responsesource.com/about.