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  1. April Sees Another Fall In New Car Sales

    May 26, 2022 by mti

    Motor traders involved in the sale of new cars here in the UK will be aware how difficult the market is at the moment. Figures published by the Society of Motor Manufacturers and Traders (SMMT) reveals April to have been a disappointing month for the registration of new cars.

    In April 2022 there were 119,167 new cars bought here in the UK with this being 15.8% lower than the same month last year when 141,583 of such vehicles were sold. We are sure that you will agree this is a significant reduction and one that the motor trade industry could well do without. .........read more »


  2. First Quarter 2022 Sees Sale Of Used Cars Increase

    May 15, 2022 by mti

    The motor trade industry has been going through a difficult trading period in the last couple of years so it is great to report something positive happening within the industry. According to figures published by the Society of Motor Traders and Manufacturers (SMMT), the number of used cars sold here in the UK in the first quarter of 2022 has gone up by just over 5% on a year on year basis. .........read more »


  3. Average Cost Of Car Insurance Rises In Q1 2022

    April 27, 2022 by mti

    Whilst just because the average cost of car insurance has gone up in the first quarter of 2022 and that is actually the first time it has done so on a year to year basis in the last 18 months, does not mean to say that motor trade insurance premiums have also risen in the same period. Yes, many motor trade insurance policies are going to include cover for the motor trade business driving certain vehicles so it is quite possible that premiums for such cover have also increased. .........read more »


  4. March Sees Reduced New Car Sales

    April 14, 2022 by mti

    Motor traders involved in the sale of new cars will be aware that March is usually a particular busy month with the new plate coming out but according to figures published by the Society of Motor Manufacturers and Traders (SMMT) March 2022 was the lowest on record since back in March 1998.

    In March 2022 there was a total of 243,479 new cars registered here in the UK compared to 283,964 in March 2021. That is a huge reduction of 14.3%. There were 137,236 new cars sold for the private sector in March this year compared to 126,854 in March 2021 – a rise of 8.2%. There were 99,338 new cars sold for the fleet market in March 2022 compared to 151,355 in March last year – a huge drop of 34.4%. There were 6,905 new cars sold in March 2022 for the business sector compared to 5,755 in March 2021 – a rise of 20%. .........read more »


  5. Used Car Prices Continue To Rise

    March 28, 2022 by mti

    Motor traders will find it interesting to read that the average price of a used car has continued to increase yet again according to the Auto Trader Retail Price Index during February 2022 that takes into account around 900,000 vehicles. The average price of a second hand car increased by 0.6% in the month of February 2022. That is the 23rd month in a row that such prices have gone up. .........read more »


  6. Drop In New Van Registrations In First Two Months Of This Year

    March 11, 2022 by mti

    If you are a motor trader involved in the sale of new vans here in the UK then you may find it of interest to read that the number of new vans sold in the first 2 months of 2022 have fallen quite considerably when compared with the same period in 2021.

    For instance, according to the Society of Motor Manufacturers and Traders (SMMT), the number of new vans registered in January and February of this year in the up to 3.5 tonnes category amounted to 33,731 whereas in the same period last year the figure was 41,234. That equates to a fall of 18.2%. However, it is worth noting that the number of new vans sold in the first 2 months of 2022 is in excess of the numbers sold before the pandemic. .........read more »


  7. New Car Registrations Rise In January

    February 20, 2022 by mti

    Motor traders will be pleased to read that the number of new cars sold in the UK in January 2022 increased significantly when compared to January 2021 according to figures published by the Society of Motor Manufacturers and Traders (SMMT).

    In January 2022, the number of new cars registered amounted to 115,087 whereas in January last year the figure was 90,249. That is a big increase of 27.5%. .........read more »


  8. 2021 Sees Rise In Used Car Sales

    February 8, 2022 by mti

    Motor traders will find it interesting to read that the number of used cars sold here in the UK in 2021 was greater than the number of cars sold in 2020. However, this probably does not come as a surprise considering the pandemic.

    According to the Society of Motor Manufacturers and Traders (SMMT), the number of second hand cars sold in 2021 amounted to 7.530,956 whereas in the previous year the figure was 6,752,959. That is an increase of 11.5% and will no doubt come as welcome news to those of you working within the motor trade industry. .........read more »


  9. When Did You Last Review The Cost Of Your Motor Trade Insurance?

    January 23, 2022 by mti

    If you are a motor trader then you will no doubt have a motor trade insurance policy in place to provide cover for the likes of driving vehicles that you are considering buying or that you already own amongst other things such as tools. When there is a change in the cost of insuring a car it is quite possible that this will impact upon how much you will be charged for your motor trade insurance when you come to review your cover. .........read more »


  10. New Van Sales Increase In 2021

    January 6, 2022 by mti

    Motor traders involved in the sale of new vans in the UK will be interested to read that the number of new vans registered in 2021 increased by 21.4% when compared with 2020.

    According to figures published by the Society of Motor Manufacturers and Traders (SMMT), in the twelve month period last year there were 355,380 new vans sold whereas for the same period in 2020 there were 292,657 new vans registered. It is also interesting that the number of new vans sold in 2021 in the UK was 2.8% lower than in 2019.  There will be some people who will feel that these figures are reasonable considering the length of time the pandemic has been running for. Let us hope that 2022 is a good year for the sale of new vans. .........read more »


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