Motor Trade Insurance
Menu

Welcome to the MTI Blog

  1. Used Car Sales Drop Slightly In Q1 2019

    May 16, 2019 by Logan Biggs

    Those of you running a business in the motor trade industry, in particular motor traders, will find it interesting to read that there was a small reduction in the number of used cars sold in Q1 2019 when compared with Q1 2018.

    Data published by the Society of Motor Manufacturers and Traders (SMMT) reveals that the number of used cars sold in Q1 2019 was 2,020, 144 whereas in Q1 2018 the figure was 2,031,661. That is a drop of 11,517 that equates to a fall of 0.6% – only a small drop but nevertheless it is still a fall in numbers. .........read more »


  2. Small Reduction In Car Insurance Premiums

    May 6, 2019 by Logan Biggs

    If you are a motor trader selling/buying new and/or used cars then you will no doubt have a motor trade insurance policy in place to provide cover for the vehicles that pass through your business to include covering things like a customer taking out a car for a test drive or you collecting a used car from a customer’s home that you have perhaps taken in part exchange. So, any change in car insurance premiums will no doubt impact upon how much you are charged for your motor trade insurance policy at renewal. .........read more »


  3. Number Of New Cars Built In UK Falls

    April 30, 2019 by Logan Biggs

    There is yet more bad news for the new car market here in the UK with the announcement that there has been another fall in the number of new cars built in March 2019. This is the tenth month in succession that this has happened and is a concerning fact for many in the motor trade industry- in particular motor traders. .........read more »


  4. March Sees Rise In New Van Sales

    April 23, 2019 by Logan Biggs

    There is not an awful lot of good news in the motor trade industry at the moment so it is pleasing to see that the number of new vans sold here in the UK went up by a significant level when comparing March 2019 with March 2018 according to the Society of Motor Manufacturers and Traders (SMMT).

    The sale of all vans up to 3.5 tonnes rose from 59,764 in March 2018 to 66,123 in March 2019. This equates to a significant rise of 10.6%. This news will please motor traders involved in the buying and selling of both new and used vans. .........read more »


  5. Number Of Used Cars Bought With Point Of Sale Finance Increases

    April 14, 2019 by Logan Biggs

    Motor traders will be interested to read that, according to data produced by the Finance and Leasing Association, the number of used cars here in the UK purchased by consumers with the assistance of finance arranged at the dealership has gone up in the 12 months to February 2019.

    In the 12 months to February 2019, the number of used cars bought using point of sale finance rose to 1,464,817. This is a rise of 5% which we are sure you will agree is a significant increase.  The value of these advances came to £17,762 million. This was a rise of 11% – a sizeable rise. .........read more »


  6. Drop In New Car Sales In March

    April 7, 2019 by Logan Biggs

    Unfortunately, there has been more bad news for the motor trade industry with the announcement that there was a fall in the number of new cars registered here in the UK in March 2019 when compared with the same month last year. This will particularly concern motor traders – both those selling new and used cars. .........read more »


  7. Many Motorists Get Stressed Having Car MOT’d

    March 28, 2019 by Logan Biggs

    Some interesting research has been carried out on behalf of Co-op Insurance relating to the number of motorists who get stressed due to having their vehicle put through its MOT. The number of owners of cars taking part in the survey here in the UK amounted to 2,001.

    Apparently, 59% of people taking part in the survey felt that the experience of having to get their car MOT’d was a stressful one. We are sure that you will agree this is a high figure. .........read more »


  8. Drop In Sale Of New Buses And Coaches

    March 23, 2019 by Logan Biggs

    There are obviously fewer motor traders selling new buses and coaches than there are selling new cars but those of you involved in this specialist sector of the motor trade industry will be disappointed to read that there was a drop in the sale of such vehicles in 2018 when compared with 2017.

    In 2018, there were 7,236 new buses and coaches sold here in the UK. This was a fall of 5.6% when compared with the figures for 2017 according to data published by the Society of Motor Manufacturers and Traders (SMMT). .........read more »


  9. New Van Registrations Increase In February

    March 16, 2019 by Logan Biggs

    Motor traders focusing on the sale of new vans here in the UK will be pleased to read that, according to data produced by the Society of Motor Manufacturers and Traders (SMMT), there was a rise in the number of new vans being registered in February 2019.

    In February 2019, there was an increase of 1.8% in the number of new vans sold here in the UK when compared with the same month last year. In February 2018 there were 14,135 new vans sold whereas in February 2019 this had risen by 249 to 14,384. .........read more »


  10. Slight Increase In Sale Of New Cars In February

    March 8, 2019 by Logan Biggs

    Motor traders will be pleased to hear some good news for once following the announcement that there has been a small rise in the number of new cars sold here in the UK in February 2019. According to data published by the Society of Motor Manufacturers and Traders (SMMT), the number of new cars sold rose by 1.4%. .........read more »


Mailing List

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

Subscribe to the Mailing List
FacebookTwitterGoogle PlusLinked In