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  1. Sale Of Second Hand Cars Drops

    August 13, 2022 by mti

    Motor traders involved in the sale of used cars are likely to have noticed a drop in sales in the second quarter of 2022 in comparison to the same period last year. This is a worrying situation bearing in mind what is happening to the UK economy at the moment with inflation on the increase and being forecast to possibly reach as much as 13%. .........read more »


  2. Car Insurance Premiums Continue To Rise

    July 25, 2022 by mti

    Motor traders will be interested to read that the average cost of insuring a car in the UK rose in the 2nd quarter of 2022 when compered to the 1st quarter of 2022. The increase was a modest average rise of £4 per annum but nevertheless premiums are still heading in upward direction that, in the current economic climate, is something that could be done without. .........read more »


  3. Registration Of Number Of New Cars Drops In June

    July 11, 2022 by mti

    There continues to be disappointing news for the motor trade industry – in particular for motor traders. According to figures recently published by the Society of Motor Manufacturers and Traders (SMMT) the number of new car sales in June 2022 was the lowest performance for that month since way back in 1996. .........read more »


  4. Fall In Registration Of New HGVs

    June 28, 2022 by mti

    Many of you operating within the motor trade industry will be concerned at the recent reduction in the number of new motor vehicles registered here in the UK. Those motor traders involved in the sale of new HGVs will be disappointed to read that the number of new HGVs registered in the UK in the first quarter of 2022 fell in comparison to the same quarter of last year according to the Society of Motor Manufacturers and Traders (SMMT). .........read more »


  5. Sale Of New Vans Continue To Fall

    June 13, 2022 by mti

    If you are involved in the sale of new vans then you may have found once again that the number of such vehicles registered by you on behalf of customers have fallen once again according to figures published by the Society of Motor Manufacturers and Traders (SMMT) for the month of May 2022 when compared to the same month last year. .........read more »


  6. 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 »


  7. 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 »


  8. 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 »


  9. 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 »


  10. 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 »


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