Motor Trade Insurance

Welcome to the MTI Blog

  1. Drop In Car Manufacturing

    June 21, 2017 by Logan Biggs

    According to information produced by the Society of Motor Manufacturers and Traders (SMMT) the UK saw a drop in the manufacture of new cars in April 2017 that is disappointing news for many in the motor trade industry.

    new cars manufactured in the UK fell in April 2017 in comparison to April 2016

    The number of new cars built in the UK in April 2017 fell.

    There was a drop of 18.2% when comparing April 2017 with April 2016. In April last year the number of new cars built totalled 149,324 whereas in April of this year the figure was 122,116. One of the reasons for the reduction was due to the bank holiday at Easter as fewer people were working in the motor trade. more »

  2. Advertising Sways Many New Car Buyers

    June 13, 2017 by Logan Biggs

    The Motor Ombudsman has undertaken some research about how people buying new cars are swayed into making a purchase that motor traders here in the UK will no doubt find of interest.

    Motor traders will be interested to read that advertising impacts many buyers of new cars

    A lot of people are influenced by advertising when it comes to buying a new car.

    There are many ways that car dealers help sell new cars. For instance, the amount that a dealer offers a car for sale at will no doubt have an impact on whether a consumer buys the vehicle from them as, if another dealer is offering the same make and model of car at a significantly lower price, the consumer is likely to buy from the cheapest dealer that he or she can find. more »

  3. May Sees Drop In New Car Registrations

    June 7, 2017 by Logan Biggs

    Many motor traders selling new cars here in the UK will have no doubt seen a drop in the number of new cars being registered in May 2017. In fact, the reduction of 8.5% is quite a large fall.

    Motor traders may have noticed that the Volkswagen Polo was a popular seller last month

    The new Volkswagen Polo was a popular seller in May 2017.

    According to the Society of Motor Manufacturers and Traders (SMMT), in May 2017 there were 186,265 new cars registered here in the UK whereas back in May 2016 there were 203,585 new car registrations. more »

  4. Some Interesting Facts About The Motor Industry

    June 1, 2017 by Logan Biggs

    Those of you operating within the UK motor trade industry may wish to read the SMMT Motor Industry Facts 2017 report produced by the Society of Motor Manufacturers and Traders. It can be found on their website but below we mention some of the facts contained in the document.

    A significant number of new vehicles built in the UK are exported overseas

    Many new cars manufactured in the UK are exported to other countries.

    • In 2016 there were 2,692.237 new cars registered.
    • The industry employs 814,000 people
    • There are 160 countries that import cars manufactured in the UK with 1,354,216 vehicles being exported last year.
    • There were 1,722,698 new cars, 93,924 new commercial vehicles and 2,545,608 new engines manufactured in 2016.
    • Jaguar Land Rover manufactured the most cars in 2016 – 544,401. In second place was Nissan with 507,444 cars and in third spot was BMW with 210,973.
    • The Nissan Qashqai was in first place for the number of cars built in 2016 with 309.893. In second place was the Toyota Auris with 144,674 cars and the Nissan Juke with 109,968 built.
    • Collectively, on a global basis, China built more cars and commercial vehicles than any other country in 2016 with 24,420,744 cars and 3,698,050 commercial vehicles. The USA was in second spot with 3,934,357 cars built and 8,263,780 commercial vehicles constructed. In third place was Japan with 7,873,886 cars and 1,330,704 commercial vehicles built. The UK was in 13th place with 1,722,698 news cars and 93,924 commercial vehicles being built.
    • Collectively, within Europe, Germany built more cars and commercial vehicles with 5,746,808 cars and 315,754 commercial vehicles. The UK was in 4th spot building 1,722,698 new cars and 93,924 commercial vehicles.
    • 56% of new cars built in the UK were exported to EU countries, 14.5% of new cars were exported to the USA and 6.5% of new cars built were exported to China.
    • The top selling new car in 2016 was the Ford Fiesta – 120,525. In second place was the Vauxhall Corsa – 77,110. In third place was the Ford Focus – 70,545.
    • The top luxury car in terms of registration was the Mercedes-Benz S Class with 3,339 vehicles. This was followed by the BMW 7 Series with 2,076 vehicles. In third place was the Jaguar XJ with 1,206 vehicles. more »

  5. Used Car Sales Hit Record

    May 23, 2017 by Logan Biggs

    Motor traders will be interested to read that the number of second hand cars sold in the UK in the first three months of 2017 totaled 2,133,956. This was the highest number since records began way back in 2001. The data was produced by the Society of Motor Manufacturers and Traders (SMMT).

    Motor traders will be interewsted to know that second hand Ford Fiesta's were the most popular car sold in the first quarter of 2017

    The Ford Fiesta was the most popular selling used car in Q1 of 2017.

    This was a considerable increase when compared with the first quarter of last year when 2.063,674 used cars exchanged hands. Q1 of 2017 achieved an extra 3.4% in sales in comparison to the same quarter of 2016. more »

  6. Consumer Attitude Survey May Interest Many In The Motor Trade

    May 17, 2017 by Logan Biggs

    There may be many people involved in the motor trade industry that may find the National Franchised Dealers Association’s Consumer Attitude Survey Spring 2017 of interest. Below we highlight some of the interesting things contained in that survey but the full document can be found on the website of the above association. There were 1,000 people that took part in the online survey in the UK with 49% being male and 51% being female. more »

  7. Car Dealers In The UK Break Record

    May 10, 2017 by Logan Biggs

    Motor traders may find it interesting to read the “UK Motor Retail Profitability Statistics – March 2017” document produced by ASE. Below are some of the statistics from the report.

    ON average car dealerships in the UK achieved profits of more than £114,000 for March 2017

    On average, car dealerships in the UK had a successful March 2017 in respect of profit achieved.

    Apparently, March 2017 was the first month on record for the average car dealership here in the UK to exceed a profit of in excess of £100,000 for each of its locations with a figure of in excess of £114,000. more »

  8. Registration Of New Light Commercial Vehicles Drop In April

    May 5, 2017 by Logan Biggs

    It is interesting to read that the number of newly built light commercial vehicles (LCV) that were registered in April 2017 here in the UK fell by quite a lot when compared with the same month last year. This is disappointing news for this sector of the motor industry. Motor traders may like to read the full article on the website of the Society of Motor Manufacturers and Traders (SMMT). more »

  9. Do You Operate A Hand Car Wash Business?

    April 29, 2017 by Logan Biggs

    Generally speaking, car owners like to keep their vehicles clean – in particular on the outside. Many still wash their cars themselves or take their vehicle to a local garage and put it through an automated car wash.

    Hand car washing businesses should have suitable insurance in place such as motor trade insurance

    There are many hand car washing businesses in the UK.

    However, an increasing number of motorists drive to the likes of a trading estate where someone has set up a business to wash cars by hand that may or may not include a full valeting service that also includes cleaning and polishing the interior of the vehicle. The writer of this post uses such a service as it seems to be competitively priced in his locality. more »

  10. Large Number Of Motorists Prefer MOT Test At 3 Years

    April 23, 2017 by Logan Biggs

    Motor traders are well aware that cars in the UK legally have to go through an MOT test when the car is three years of age and every year after that. Of course, motorists are no doubt hoping that their car passes the test without any work being required meaning that all they have to pay is the MOT test fee. more »

Mailing List

To get the latest news and offers from MTI, enter your email below.

Subscribe to the Mailing List
FacebookTwitterGoogle PlusLinked In