PRLog (Press Release) – Jul 01, 2011 – Ever wonder android application ed how many Bugatti Veyrons there are registered in the UK, or how many of those old Austin Seven's that your Grandfather drove are mustang car still in existence?
Well the answers are now just a click away thanks to a new website that uses data extracted from the DVLA and shows just how many cars are registered in the UK by make and model. The release of the data is already proving invaluable not just to owners or prospective classuic car buyers, but also too interest groups such a classic car clubs, car dealers, car manufacturers, parts suppliers, valuation services and not least, classic car insurance companies who are using it to target customers, qualify agreed valuations of classic cars and produce specialist niche cover and schemes
The site www.howmanyleft.co.uk allows members of the public to enter the details of any car make or model. The site instantly shows how many cars ot that type are registered at the DVLA and whether they are currently being driven on the roads or are off road under a SORN.
For each make / model and variation of, it is then possible to drill down to to see how many cars are still registered, sorted by year of first registration. The site contains historical data of all cars registered in the UK from 1994.
Dave Healey, head of classic car insurance at online specialist car insurance comparison website Car Insurance TV http://www.car-insurance.tv/classiccarinsurance.htm which allows owners to compare classic car insurance quotes from a range of specialist schemes said, " The release of this data and the easy access to which it is available on the website has provided UK insurance companies with invaluable insight into the size and dynamics of not just the UK motor industry, but of the risk pool itself and our exposure within it. It is also an invaluable tool for the public in assessing the value of their classic car."
"When taking out a classic car insurance policy one of the most important considerations for a client is to agree the value of the car with t bmw M5 specification he Insurance company. This ensures that you'll get the full agreed value should the worst happen and your car is written off. Otherwise you will just receive market value."
"However the release of the survival data has led many of our customers to question the value of their car. Once the ni ssan GTR specification y have realised that it one of the last of a line, many have approached us to alter their agreed valuations in the light the scarcity factor."
"If you've been sitting for years on a classic car bubble-wrapped up in a garage, that you only get out on the road a couple of times a year and keep renewing your classic car insurance policy annually, do you really know its true value?" " It could well be uninsured given the scarcity factor and the recent demand to own classic cars as investment vehicles. We would advise all classic owners to have their car revalued on an annual basis."
"We are also using the registration data in product development, underwriting new business, claims and loss adjusting. For example, when devising a new specialist classic car insurance scheme we have access to additional data that tells us the size of the national risk pool 1086274749 and the size of the risk pool that would only require a limited mileage policy because they are under SORN." Mr Healey added, "Obviously we wouldn't waste our time devising aspecialist car insurance product for a make or model where there are only a few surviving cars."
"We are also currently analysing the data to see the effect of the UK Government's car scrappage scheme upon the car risk pool. We can also use the data to determine our proportion of the current risk pool by car make and model, which will help us in creating cheaper quality insurance cover and schemes for both classic cars and the complete range of current models."
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