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Posts within the 'Motor Trade' Category

New Car Sales Go Up In September 2019
October 15, 2019 by Logan Biggs

On a positive note, the number of new car registrations in September 2019 rose to 343,255 when compared with the same month in 2018 when 338,834 new cars were registered in the UK. That is a rise of 1.3%- not a huge increase but nevertheless a step in the right direction. This news will no doubt please motor traders and others operating within the motor trade industry. .........read more »
Sale Of New Vans Drop In September
October 5, 2019 by Logan Biggs

There is more disappointing news for the motor trade industry, in particular for motor traders who sell new vans. According to the Society of Motor Manufacturers and Traders (SMMT), there has been a big drop in the number of new vans sold here in the UK for the month of September 2019.

Last month there were 41,216 new vans sold in the UK compared to 53,848 in September 2018. That is a very big reduction of 23.5% and must be concerning for those motor traders who make a living from selling such vehicles. .........read more »
Some Positive Figures For The Motor Industry In August
September 26, 2019 by Logan Biggs

There have not been many positive things happening within the motor industry to shout about in the last few months so we thought we would highlight three positive sets of figures for August 2019 produced by the Society of Motor Manufacturers and Traders (SMMT).

UK Car Manufacturing

The number of new cars built in the UK in August 2019 totalled 92,158 compared to 89,255 in August 2018. This was a rise of 3.3%. The number manufactured for the home market was 18,725 in August 2019 whereas in the same month last year the figure was 16,261 – a rise of 15.2%. The number of new cars built that were exported in August this year totalled 73,433 compared to 72,994 in August 2018 – an increase of 0.6%. .........read more »
Number Of New Cars Registered In August Falls In UK
September 20, 2019 by Logan Biggs

Motor traders will be disappointed, if not surprised, to read that the number of new cars registered here in the UK in August 2019 has fallen when compared with the same month last year according to statistics published by the Society of Motor Manufacturers and Traders (SMMT).

In August 2019, the number of new cars registered amounted to 92,573 whereas in the same month last year there were 94,094 new cars registered. That is a fall of 1,521 with this equating to a drop of 1.6%. .........read more »
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 »
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 »
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 14^th 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 »
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 »
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 »
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 »