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  1. Do You Review How Much Your Business Is Paying For Its Insurance?

    January 21, 2021 by mti

    Unless you are very fortunate, when you receive your renewal notice for your motor trade insurance, it will no doubt be going to increase for the next year’s cover. Of course, we are assuming that you bother to compare the cost of what you have been paying in the last 12 months with what your existing insurance provider intends to charge you for the next 12 months. .........read more »


  2. Increase In Market Share Of New Electric Cars Sold In 2020

    January 7, 2021 by mti

    In the main, 2020 was a very disappointing year for many people involved in the motor trade industry including motor traders. However, according to figures published by the Society of Motor Manufacturers and Traders (SMMT), the sale of new electric cars was a positive factor last year.

    In 2020, the number of new Battery Electric Vehicles (BEV) sold amounted to 108,205 whereas in 2019 the figure was 37,850 – an increase of 185.9%. The market share in 2020 was 6.6% whereas in 2019 the figure was 1.6%. .........read more »


  3. Reduction In New Car Registrations In November

    December 19, 2020 by mti

    Unfortunately, motor traders saw a drop in the number of new cars sold here in the UK in November 2020 in comparison to the same month last year. The second lockdown has undoubtedly had a negative impact on the number of new cars registered as some showrooms in certain parts of the country will have had to close due to the pandemic. .........read more »


  4. UK Car And Engine Production Fall In October

    December 3, 2020 by mti

    Further disappointing news for the motor trade industry was recently announced by the Society of Motor Manufacturers and Traders (SMMT) when it published the figures for the number of new cars and engines that were manufactured in the UK in October 2020. Regrettably, there was a fall in the numbers when compared with the same month last year. No doubt the current coronavirus pandemic has had a negative impact on the figures. .........read more »


  5. Drop In Sale Of New HGVs, Buses And Coaches

    November 19, 2020 by mti

    Motor traders involved in the sale of new HGVs, buses and coaches here in the UK will be interested to read that the numbers of these vehicles sold fell in the third quarter of this year when compared with the same period in 2019 according to figures produced by the Society of Motor Manufacturers and Traders (SMMT). .........read more »


  6. Drop In New Car Sales In October

    November 5, 2020 by mti

    Motor traders will be disappointed to read that, according to the Society of Motor Manufacturers and Traders (SMMT), there has been a drop in the sale of new cars for the month of October 2020 when compared with the same month last year.

    In October 2020 there were 140,945 new cars sold whereas in October 2019 the figure was 143,251. That is a fall of 2,306 that equates to a drop of 1.6%. .........read more »


  7. Consumer Finance For Used Cars Increases In August

    October 21, 2020 by mti

    Like many businesses, motor traders have been and are going through a difficult trading period due to the pandemic. At the time of writing, unfortunately there seems no end in sight. It is interesting though to hear that consumer used car finance has increased for the month of August.

    According to the Finance and Leasing Association (FLA) the volume of new business relating to consumer used car finance increased by 2% in relation to volume and increased by 10% in relation to value when comparing the month of August 2020 with August 2019. However, it is interesting to note that on a year to date basis to August 2020 the volume of new business dropped by 22% in comparison to the year to date to August 2019. .........read more »


  8. September Sees Fall In New Car Registrations

    October 5, 2020 by Logan Biggs

    Motor traders will be disappointed to read that the number of new cars registered in September 2020 fell in comparison to the same month last year according to data published by the Society of Motor Manufacturers and Traders (SMMT). This news will also no doubt concern other parts of the motor trade industry. .........read more »


  9. Has Insuring Your Vehicles Got Cheaper?

    September 15, 2020 by Logan Biggs

    If you are a motor trader then you will need to make sure that your vehicles are suitably insured at all times such as when they are on your forecourt awaiting sale or are being driven by you or a customer who is test driving a car as part of their decision making process as to whether he or she is going to buy the vehicle. .........read more »


  10. July Sees Drop In UK Car Manufacturing

    September 4, 2020 by Logan Biggs

    It will probably not come as a surprise to those of you involved in the motor trade industry to read that the number of new cars built here in the UK dropped in July 2020 when compared to July 2019. The pandemic no doubt had a significant impact on performance.

    In July 2020, the number of new cars manufactured in the UK amounted to 85,696 whereas in July last year the figure was 108,239. That is a significant fall of 22,543 that equates to a drop of 20.8%. The number of new cars built for the home market in July 2020 amounted to 13,434 whereas in July 2019 the figure was 21,371 – a fall of 37.1%. The number of new cars manufactured for the export market in July 2020 amounted to 72,434 whereas in July 2019 the figure was 86,868 – a drop of 16.8%. .........read more »


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