Comparison sites brace for impact as vehicle sales increase

Car and van insurance comparison sites have been bracing for a fresh influx of new consumers after new figures from the Society of Motor Manufacturers and Traders indicate that the sale of new vehicles in the UK has increased dramatically.

The SMMT announced that May’s new car sales increased by 7.9 per cent year-on-year to a new high of 162,288, the largest sales increase of its kind for nearly two years straight. The current number of vehicles sold in the UK during the first five months of the year now stands at 868,166, a figure that represents an overall increase of 2.6 per cent, according to the SMMT’s figures.

Anticipating heightened demand as consumers seek out personal car insurance and commercial van insurance for their new vehicles, comparison sites have been eagerly awaiting the opportunity to help Brits find the best deals when it comes to insurance. Comparison sites do not exclusively deal with car and van insurance comparison services, as many will also offer comparison services for financial products such as credit cards, bank accounts, and other insurance products such as pet or travel insurance, but with so many Brits looking for ways to save money in the current economy – and with motor insurance compulsory – nearly every comparison site boasts a large panel of insurer partners to provide high levels of customer service to price-conscious consumers.

Comparison sites provide a time-saving benefit as well as a cost-saving one, as consumers can simply put their personal details in once and let the website do the rest; in moments the site will return a long list of different insurance quotes for the consumer to choose from, eliminating the need for tedium and making the entire process as painless as possible.

© 2018 All rights reserved. Reproduction in whole or in part without permission is prohibited. See our copyright notice.

Share your views

To leave a comment on this story, please insert your details below.