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  1. Low Percentage Of Car Buyers Arrange Finance Online

    August 18, 2018 by Logan Biggs

    A survey carried out by FICO has revealed some informative data relating to motorists who are buying a car using online finance that motor traders here in the UK may find of interest. The statistics relate to the purchase of both new and used cars.

    When buying a car in the UK, motorists have a number of options. For instance, many will have an existing vehicle that they want to put in part exchange and will use savings to make up the shortfall or will require some form of borrowing such as by way of a personal loan that has been agreed by their bank. Some motorists will sort out their finance through the dealership. Some motorists will arrange to lease the vehicle. .........read more »


  2. July Sees Slight Rise In New Car Market

    August 10, 2018 by Logan Biggs

    According to data produced by the Society of Motor Manufacturers and Traders (SMMT), there was a slight rise in the number of new cars registered here in the UK in July 2018 when compared with the same month last year. This will please motor traders who, in recent months, have seen the number of new cars being sold reduce and that is not good news for the motor trade industry. .........read more »


  3. Do You Have An Adequate Level Of Business Interruption Cover?

    August 4, 2018 by Logan Biggs

    If you own a business within the motor trade industry such as a garage involved in the servicing and mechanical repair of vehicles then you will no doubt have motor trade insurance in place to cover you for a variety of risks. An optional extra with such policies may be for business interruption cover. .........read more »


  4. Fall In New Coach And Bus Registrations

    July 28, 2018 by Logan Biggs

    We have regularly provided updates about the number of new cars and vans that are registered here in the UK but we have never mentioned about the number of new coaches and buses that are being sold. So, those of you in the motor trade involved in selling such vehicles may find the following information useful. .........read more »


  5. Car Leasing Numbers Reduce

    July 22, 2018 by Logan Biggs

    If you are a motor trader then you may be interested to read that, according to the British Vehicle Rental & Leasing Association (BVRLA) that produced its latest Quarterly Leasing Survey results last month for the first quarter of 2018, the total number of cars that were being leased out dropped by 1% in the space of 12 months when compared with the first quarter of 2017. .........read more »


  6. HGV Registrations In The UK

    July 15, 2018 by Logan Biggs

    This is the first time that we have provided any statistics for motor traders relating to the number of HGVs registered in the UK. We trust that our readers find the data of interest.

    According to data produced by the Society of Motor Manufacturers and Traders (SMMT) the number of registrations of new rigids fell in the first quarter of 2018 when compared with the same quarter of 2017. In quarter 1 of 2018 there were 1,994 rigids registered in the 6.0 to 16 ton category whereas in quarter 1 of 2017 there were 2,543. That is a significant fall of 21.6%. For the same periods, the number of rigids of 16 tonnes plus sold was 3,691 compared to 3,949 – a drop of 8.4%. .........read more »


  7. Drop In New Car And Van Sales In June

    July 9, 2018 by Logan Biggs

    According to figures published by the Society of Motor Manufacturers and Traders (SMMT), the number of new cars and vans registered in the UK in June 2018 dropped when compared with the same month last year. We are sure that motor traders will be disappointed to read this news.

    New Car Registrations

    In June 2017 there were 243,454 new cars registered but in June 2018 numbers had fallen to 234,945. That is a reduction of 3.5% – a sizeable figure. .........read more »


  8. The Benefit Of Being Accredited To Sell Car Finance

    June 28, 2018 by Logan Biggs

    Motor traders may find it of interest to read that a survey has revealed that many people looking at buying a car would welcome the salesperson being suitably accredited to sell them car finance. Apparently, this would give a high percentage of car buyers greater confidence in them not being mis-sold car finance. .........read more »


  9. Small Rise In New Van Sales In May

    June 21, 2018 by Logan Biggs

    Those of you in the motor trade involved in the sale of new vans will be pleased to read that, according to the Society of Motor Manufacturers and Traders (SMMT), the number of new vans sold increased in May 2018. The number of light commercial vehicles up to 3.5 tonnes rose from 26,982 in May 2017 to 27,639 in May 2018 – this is an increase of 2.4%. .........read more »


  10. May Sees Rise In Registration Of New Cars

    June 12, 2018 by Logan Biggs

    Those of you operating within the motor trade industry, in particular motor traders, will no doubt be pleased to read that there has been an increase in the number of new cars registered here in the UK when comparing May 2018 with the same month last year.

    According to data published by the Society of Motor Manufacturers and Traders (SMMT) the volume of new car registrations last month amounted to 192,649. In May 2017 the number of new car registrations was 186,265. That equates to a 3.4% increase – a welcome rise. .........read more »


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