A new colour-coded labeling scheme allows used car buyers to see likely fuel and environmental costs at a glance.
The Used Car Fuel Economy Label shows make, model and CO2 emissions information, as well as estimated fuel costs over 12,000 miles (the yearly average) and official miles per gallon figures. It can be applied to cars dating as far back as 1st March 2001.
It has been developed by the Low Carbon Vehicle Partnership (LowCVP) with support from the Retail Motor Industry Federation, Society of Motor Manufacturers and Traders, and the government.
It is a voluntary initiative – so car dealers do not have to take part – and was officially launched today by Transport Minister Sadiq Khan.
Over 1,000 dealers say yes
Since its introduction to the motor industry in August over 1,000 dealers have signed up with the Vehicle Certification Agency, agreeing to display the Used Car Fuel Economy label on their used car stock.
Dealers can chose to label cars up to two years old only, or those built as far back as March 2001. So far 94% have said they intend to use the scheme to its maximum, helping to keep the consumer as well informed as possible.
A similar label for brand new vehicles has been in use since July 2005.
Sales by private individuals are not covered.
AA and Which? approval
At the launch the Minister for Transport Sadiq Khan said:
‘Running costs and environmental performance are increasingly important to new and used car buyers. I am therefore delighted that the new car label is now joined by a similar used car label. This will give people the information they need to make the right purchase for themselves and the smart purchase for the environment. I hope as many dealers as possible will participate and I encourage used car buyers to look out for the label.’
AA President, Edmund King, added his support:
‘Motorists are fighting back against high fuel prices by choosing more fuel efficient cars, in fact 62% of our AA / Populus panel say when buying another car they would choose a more fuel efficient one. However, used car buyers are currently kept in the dark regarding fuel efficiency when looking at used cars on dealer’s forecourts. In an AA / Populus panel survey 91% supported a fuel economy label on used cars.’
According to LowCVP Managing Director Greg Archer, ‘94% of dealers now display the new car label while 71% of car buyers say the label is important in informing their choice of car. The introduction of the used car label now extends this information to used car buyers.’
Which? Motoring Editor Richard Headland said: ‘Anything which helps used car buyers get a handle on environmental and running costs is to be welcomed – especially as CO2 emissions and road tax are very important to many buyers. We hope many more car dealers will sign up to use the label and that it will become a common sight in all car showrooms.’
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