One in five UK cars has covered 100k miles or more

One in five UK cars has covered 100k miles or more

Category : ,

More than one in five cars registered in the UK has covered at least 100,000 miles, with the average age of motors on the rise.

Driver and Vehicle Standards Agency (DVSA) figures acquired by Co-op Insurance reveal that around nine million of the UK’s 40.3 million vehicles have more than 100,000 miles on the clock.

The insurer’s own data illustrates how older cars are now being kept on the road for longer than they were previously. In 2018, 10 per cent of Co-op Insurance policies were for cars up to two years old – today, it’s just four per cent.

In a similar pattern, cars aged between six and 10 years old accounted for around 70 per cent of Co-op Insurance policies, whereas now that figure has risen to approximately 80 per cent.

The news comes at a time when used car prices are at an unprecedented high – a result of the global semiconductor shortage continuing to negatively impact the supply of new cars. The cost of living crisis may also be playing a role.

Paul Evans, head of motor at Co-op Insurance, commented: “It looks like Brits are taking a mend and make-do approach to car ownership, as the cost of living – and running a car – continues to rocket.

“Whilst we know that parts, availability issues and the pandemic – amongst other factors – have hit the new car market badly, many people just aren’t in a position to splash unnecessary cash on a brand-new vehicle. Instead, it makes more financial sense to keep their existing car going for as long as possible or to buy a used car.

“Whilst high mileage doesn’t always mean the car is particularly old, 100,000 miles does make for a lot of wear and tear, and it’s essential that your vehicle receives regular servicing and maintenance to prevent it developing problems that become very expensive to fix.

“With the right care, there’s no reason as to why such cars can’t be relied upon for many more miles. And with the value of second-hand vehicles shooting up, there’s a real incentive for owners to look after them, as when the time does come to sell them, motorists could end up with more pounds in their pocket.”

Do you drive a high-mileage car? Let us know in the comments…

Source : Autoexpress.co.uk
Tags :
Best car manufacturers 2022

Best car manufacturers 2022

Category : Best cars, Car Reviews

We’ve already run down the top 75 new cars to own in [..]

Speed limiters on all new cars from next week: know the rules and how they work

Speed limiters on all new cars from next week: know the rules and how they work

Category : Car News, Car Reviews

Could speeding on UK roads be on the way to becoming a [..]

2023 BMW X6 M facelift spotted testing on Nurburgring

2023 BMW X6 M facelift spotted testing on Nurburgring

Category : Car Reviews, Newsletter

BMW’s X6 is undergoing a mid-life refresh for 2023 and following closely [..]

New 2022 Citroen e-C4 X arrives as practical electric fastback

New 2022 Citroen e-C4 X arrives as practical electric fastback

Category : Car News, Newsletter

Adding to its growing all-electric offerings, Citroen has revealed a new model [..]

New Car Awards 2022: Tuesday 5 July

New Car Awards 2022: Tuesday 5 July

Category : Best cars, Car News

It’s time once again to celebrate an amazing 12 months of new [..]

“Red Bull misses the point with multimillion-pound track car”

“Red Bull misses the point with multimillion-pound track car”

Category : Best cars, Car News

I’ve always seen Red Bull Racing as a team of the people [..]

New Honda Civic 2022 review

New Honda Civic 2022 review

Category : Best cars, Newsletter

The all-new, all-hybrid Honda Civic is an impressive piece of engineering that [..]

Best car glass cleaners 2022

Best car glass cleaners 2022

Category : Car News, Newsletter

Cleaning glass is the final touch in valeting a car because it [..]