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  1. FCA Produces Update On Motor Finance

    April 13, 2018 by Logan Biggs

    Motor traders may be interested to read the update produced last month by the Financial Conduct Authority (FCA) into the motor finance sector. The publication can be found on the FCA website. The FCA’s final report is expected to be produced in September 2018.

    The FCA decided to investigate whether consumers looking to buy a vehicle using motor finance were open to suffering any harm and that lenders were managing risk in a suitable manner. .........read more »


  2. 18 Plate Registrations Drop

    April 8, 2018 by Logan Biggs

    Motor traders, especially those involved in the sale of new cars, will probably not be surprised to read that the number of new cars registered in March 2018 thus having the new 18 plate fell when compared with the same month last year. In fact, unfortunately there was quite a drop.

    According to data published by the Society of Motor Manufacturers and Traders (SMMT) there were 474,069 new cars registered last month. In March 2017, the figure was 562,337. This means that there has been a fall of 15.7% when comparing the two periods. .........read more »


  3. Drop In Car Manufacturing In February

    March 31, 2018 by Logan Biggs

    Unfortunately, there doesn’t appear to be much of a positive nature to talk about relating to the UK motor trade at the moment. Earlier this month we mentioned about the number of new cars being sold had fallen in February and now we are talking about a drop in the number of new cars built in the UK last month. .........read more »


  4. New Car Sales Fall In February

    March 21, 2018 by Logan Biggs

    Regrettably, the new car market is not doing very well at the moment with a drop in sales seen in February 2018 when compared with the same month last year. If you are a motor trader involved in the sale of new cars then you may have noticed this.

    According to figures published by the Society of Motor Manufacturers and Traders (SMMT) the number of new cars registered here in the UK in February of this year was 80,805 whereas in February 2017 the figure was 83,115. That is a fall of 2.8%. .........read more »


  5. Number Of New Vans Registered In February Increase

    March 15, 2018 by Logan Biggs

    Many of you in the motor trade industry involved in the sale of new vans will be pleased to hear that, according to figures published by the Society of Motor Manufacturers and Traders (SMMT), this February saw a rise in the number of new vans registered here in the UK in comparison to the same month last year. In fact, this February’s performance was the best February in ten years. .........read more »


  6. How Did POS Car Finance Do In 2017?

    March 7, 2018 by Logan Biggs

    Motor traders will be aware that an awful lot of people buying new and used cars do so with the assistance of point of sale (POS) car finance. There are a number of people who will buy a car using savings or arrange motor finance from the likes of their bank.

    The Finance and Leasing Association (FLA) recently published some data relating to POS consumer car finance for 2017. We thought that we would share some of the data with you. .........read more »


  7. Export Of Cars Manufactured In UK In January Increases

    March 1, 2018 by Logan Biggs

    In recent months it has been a bit of a struggle in finding something good to say about the UK motoring industry. Well, you may be interested to read that we have some information of a positive nature about the industry.

    Based upon data produced by the Society of Motor Manufacturers and Traders (SMMT) it has revealed that in January of 2018 the number of new cars manufactured in the UK for export to countries overseas rose by 1.5% when comparing 2017 with 2018. In January 2017 there were 117,526 new cars built in the UK for export but in the same month in 2018 there were 119,252. This is good news and let us hope that it continues throughout the remainder of 2018 and beyond. .........read more »


  8. Used Car Sales Drop In 2017

    February 23, 2018 by Logan Biggs

    If you are a motor trader here in the UK what sort of year did your business have in 2017? Did you “buck the trend” and see a rise in the number of used cars you sold last year in comparison to 2016?

    According to data produced by the Society of Motor Manufacturers and Traders (SMMT) there was a drop in the number of second hand cars sold in 2017 when compared with 2016. In percentage terms a fall of 1.1% may not sound a lot but in numbers it is quite a fall. In 2016, there were 8,200.084 used cars sold but in 2017 numbers fell to 8,113,020. That is a difference of 87,064 cars. .........read more »


  9. Registration Of New Cars Falls In January

    February 15, 2018 by Logan Biggs

    Motor traders will be disappointed to read that the sale of new cars has not got off to a good start this year as confirmed by figures produced by the Society of Motor Manufacturers and Traders (SMMT) earlier this month for January 2018.

    Unfortunately, the number of new cars registered fell by 6.3% when comparing last month with January 2017. This January some 163.615 new cars were registered here in the UK yet in January 2017 the figure was 174,564. .........read more »


  10. Searches For Used Diesel Cars Fall

    February 7, 2018 by Logan Biggs

    It probably does not come as a surprise to motor traders to read that the number of searches being made by motorists looking to buy used diesel cars is falling. On the other hand, those of you in the motor trade industry will also not be surprised to hear that the number of motorists searching for used petrol cars has risen. .........read more »


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