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No money off for more secure trucks

18th November 2004
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Page 6, 18th November 2004 — No money off for more secure trucks
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Which of the following most accurately describes the problem?

Thatcham refreshes its truck security ratings — but insurers don't care. Guy Sheppard reports.

TRUCK MANUFACTURERS are questioning the value of improving the security of their vehicles because there is no corresponding reduction in insurance premiums. Thatcham, the motor insurance research centre, launched a star rating system for truck security a year ago—truck theft is estimated to cost insurers £500m a year (CM 9 October 2003). The system was expected to be a powerful incentive to raise standards but since its launch improvements recorded by Thatcham have been "patchy".

Robin Dickeson, manager of commercial vehicle affairs for the Society of Motor Manufacturers and Traders, says the ratings system is of questionable value to manufacturers and operators alike: "The insurance industry obviously wishes to keep vehicle theft down but they are not, as far as we can see, passing any of the benefits of these cost reductions to their customers and thus, indirectly, to the vehicle manufacturers.

"A number of manufacturers question what Thatcham is doing because they don't see any consequent reduction in premiums" Scania, which came out worst among the leading marques in the security ratings last year,has raised several of its models from one to three stars. Dal the UK's best-selling truck manufacturer, has raised some of its ratings from two to three or four stars.

Daf marketing director Tony Pain says: -People who care about truck security care about it passionately, but it is a surprisingly small percentage of customers. The only people we hear from are the BVRLA [British Vehicle Rental and Leasing Association]."

Pain reports that some customers are wary of buying sophisticated alarm systems because they tend to go off without reason.

Mike Briggs,Thatcham's vehicle team leader, says manufacturers have reacted positively to the ratings,which run from one to 10.

"The life-expectancy of these vehicles is a lot longer [than cars] so changes to security will be a gradual process," he adds.


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