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  1. New Consumer Car Finance Rises In July

    September 12, 2019 by Logan Biggs

    Those motor traders who are able to offer point of sale consumer car finance to their customers will find it interesting to read that, according to the Finance and Leasing Association (FLA), there has been an increase in both the value of advances made and the number of cars on which point of sale finance was arranged when comparing July 2019 with July 2018. It is good to hear some positive news relating to the motor trade industry. .........read more »


  2. Over Half Of Car Buyers Concerned About Purchasing An Unreliable Car

    September 5, 2019 by Logan Biggs

    Motor traders may find a Consumer Insight Panel survey produced by motors.co.uk on the 30th August 2019 of interest and may also find it of benefit in the running of their motor trade business whether it is involved in the buying and selling of used and/or new cars. Apparently, over 1,000 buyers of cars took part in the survey. .........read more »


  3. Car Production Drops Again

    August 29, 2019 by Logan Biggs

    Yet again, the number of cars built here in the UK has fallen for another month – this time in July 2019. This is the 14th month in a row this has happened and will concern many businesses involved in the motor trade industry.

    According to data published by the Society of Motor Manufacturers and Traders (SMMT), the number of new cars built here in the UK in July 2019 amounted to 108,239. In the same month last year, the figure was 121,051. That is a significant fall of 10.6%. In July 2019, the number of cars built for the home market totalled 21,381 compared to 19,401 for July 2018 – an increase of 10.2%. However, the number of cars built for export in July 2019 amounted to 86,858 whereas in July 2018 the figure was 101, 650 – a fall of 14.6%. .........read more »


  4. Drop In Used Car Sales In Q2

    August 21, 2019 by Logan Biggs

    There is more disappointing news for the motor trade industry, in particular for motor traders, with the announcement by the Society of Motor Manufacturers and Traders (SMMT) that there was a reduction in the number of used cars sold here in the UK when comparing the second quarter of 2019 with the same period last year. .........read more »


  5. Trade Values For Used Cars Falls In July 2019

    August 14, 2019 by Logan Biggs

    Motor traders will be aware that business is tough at the moment and has been for some time. It can prove difficult to move cars off the forecourt within a reasonable timescale and this could impact on the bottom line.

    According to cap hpi, the trade value on used cars has fallen by an average of 2.2% in July 2019 for a 3 year 60,000 mile vehicle. In the last 5 years the average fall in such values in July has been 1% so the latest figure is somewhat concerning. .........read more »


  6. Another Bad Month For The Number Of New Cars Sold

    August 6, 2019 by Logan Biggs

    Here in the UK, the new car market is having a poor time of things. The Society of Motor Manufacturers and Traders (SMMT) has announced that the number of new cars sold here in the UK in July 2019 fell by 4.1% when compared with the same month last year.

    In July 2019 the number of new cars sold amounted to 157,198 compared to the 163,898 sold in July 2018. .........read more »


  7. Reduction In UK Car Manufacturing

    July 31, 2019 by Logan Biggs

    Those of you operating within the motor trade industry will be disappointed to read that car manufacturing here in the UK suffered a large drop in production on a year to date basis to June 2019. This is not good news for this important sector of the UK economy.

    According to the Society of Motor Manufacturers and Traders (SMMT), in the 6 months to June 2019 there was a fall of 20.1% in the building of cars here in the UK when compared with the same period to June 2018. In the later period there were 834,573 new cars built whereas in the former period there were only 666,521 new cars constructed. .........read more »


  8. June Sees Rise In Sale Of New Vans

    July 20, 2019 by Logan Biggs

    Over the last six months, you will be interested to read that there has been a rise in the sale of new vans here in the UK. So, this information will no doubt come as welcome news in particular to motor traders involved in the buying and selling of new vans.

    According to the Society of Motor Manufacturers and Traders (SMMT), the number of light commercial vehicles registered in the UK in June 2019 went up by 13.5% when compared with June 2018. We are sure that you will agree this is a big increase and let us hope that this trend continues in the coming months. .........read more »


  9. Sales Of New Cars Fall In June

    July 12, 2019 by Logan Biggs

    It has probably been a disappointing June for many motor traders here in the UK involved in the sale of new cars as, according to the Society of Motor Manufacturers and Traders (SMMT), there has been s drop in the number of new cars registered last month.   

    Unfortunately, in June 2019, the number of new cars sold fell by 4.9% when compared with June of last year. .........read more »


  10. The Benefits To Motor Traders In Offering Additional Products

    July 5, 2019 by Logan Biggs

    Motor traders involved in the buying and selling of used cars may be interested in a survey carried out by NextGear Capital UK relating to the sale of additional products by car dealers. Obviously, from the motor trader’s point of view, a major benefit of selling related products when selling a second hand car is that it increases the businesses profitability and possibly the personal income of the owners. .........read more »


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