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Leading online car retailer, OneSwoop (www.oneswoop.com), confirmed
today that the changes to be made to rules allowing new cars to be
imported into the UK will not affect models sourced from European Union
(EU) countries. This contradicts reports that all imports will require
proof of long-term ownership and expensive tests under a revision of the
Single Vehicle Approval (SVA) scheme due in August. OneSwoop announced
that UK car buyers will still be able to source low-cost new cars from
the continent both privately and through parallel importers.

Tom Buehlmann, marketing director OneSwoop commented, "The changes to
the Single Vehicle Approval scheme apply only to so-called "grey
imports" sourced from countries outside the EU, such as Japan. "The new
regulations stating that non-type approved vehicles will have to
undertake tests on aspects such as emissions and crash safety will not
apply to cars sourced from the EU - under EC guidelines, cars
manufactured for continental markets already comply with the same
standards as models build for the British market. Nor will the
regulatory changes mean that parallel importers or personal importers
buying from Europe need to prove they have owned a vehicle for a minimum
of 6 months."

Buehlmann continued, "Consumers looking for lower prices and a
hassle-free purchase are still better looking to online importers, such
as OneSwoop, who take care of the entire purchase process from online
order to door-step delivery. Encouraged by our new trade-in option, we
are finding consumers are increasingly ready to buy their new car from a
parallel importer. We predict a record 10,000 UK consumers will look to
Europe for their new car each month this year."

Dave Sumner, Publisher of the car Import Guide added, "The New
regulations on single vehicle approval only applies to unofficial grey
imports from non EU countries which accounts for ten per cent of new car
imports. Every new car sold in Europe has a certificate of conformity
to prove it complies with all European requirements. The total number
of unofficial imports last year was around 140,000 and I expect it to
remain at a similar level this year as growing numbers of car buyers
wake up to the cost savings offered by the single market."

-ends-

About OneSwoop:
Launched in March 2000, OneSwoop is the leading pan-European online car
retailer offering three easy ways to buy a car - OneSwoop Now, OneSwoop
Custom and OneSwoop Select. The company specialises in a no haggle, no
hassle service - delivering both custom and pre-configured cars directly
to customers at up to 20 per cent off UK retail prices in as little as
four weeks.

OneSwoop is backed by a number of prestigious financial and strategic
investors from Europe and the US, including BP, Credit Suisse and Atlas
Venture. It numbers amongst its partners such respected organisations
as Fortis Bank, Marks & Spencer, SGS and STVA (Transcars)

About Car Import Guide:
Car Import Guide magazine has been published every two months since
September 1999 and is the only journal dedicated to the import market.
It provides guidance to car buyers considering purchasing through all
the alternative sales channels - including continental dealers, UK-based
import agents, car supermarkets, automotive websites and companies
importing vehicles from Japan. The magazine is sold through newsagents
at a cost of £3.50. Review copies are available to journalists upon
request to dave@wordzone.co.uk. The magazine website is
www.car-import-guide.com.

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