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.
Posts within the 'Motor Trade' Category
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Drop In Used Car Sales In Q2
August 21, 2019 by Logan Biggs
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Trade Values For Used Cars Falls In July 2019
August 14, 2019 by Logan BiggsMotor 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.
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Another Bad Month For The Number Of New Cars Sold
August 6, 2019 by Logan BiggsHere 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.
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Reduction In UK Car Manufacturing
July 31, 2019 by Logan BiggsThose 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.
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June Sees Rise In Sale Of New Vans
July 20, 2019 by Logan BiggsOver 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.
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Sales Of New Cars Fall In June
July 12, 2019 by Logan BiggsIt 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.
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The Benefits To Motor Traders In Offering Additional Products
July 5, 2019 by Logan BiggsMotor 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.
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The Impact Of Missing Service Histories
June 29, 2019 by Logan BiggsIf you are a motor trader involved in the buying and selling of used cars then you are undoubtedly aware of the importance of a vehicle having a full service history from your businesses point of view. Quite simply, if there is an incomplete service history then it may affect how much you will be able to sell the vehicle for.
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New Van Sales Increase In May
June 22, 2019 by Logan BiggsThere has been so much bad news in recent weeks and months surrounding the motor trade industry that it is great to be able to report about something positive. This involves the number of new vans that were sold in May 2019.
According to the Society of Motor Manufacturers and Traders (SMMT), there was a reasonable rise in the number of new vans sold here in the UK in May 2019 when compared with the same month last year. This news will particularly please motor traders who are involved in the buying and selling not only of new vans but also used ones as well.
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Number Of New Cars Sold In UK In May Drops
June 13, 2019 by Logan BiggsIf you are a motor trader, unfortunately, yet again we have some bad news to inform you of. The number of new cars registered here in the UK fell in May 2019 when compared with the same month last year.
In May 2019, 183,724 new cars were sold in the UK yet in May 2018 192,649 new cars were sold. That is a drop of 8,925 and equates to a reduction of 4.6%.
