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Posts within the 'Motor Trade' Category

Drop In Engine Production In August
October 6, 2021 by mti

It is concerning to read that the production of engines in the UK fell in August 2021 when compared with the same month last year according to figures published by the Society of Motor Manufacturers and Traders (SMMT) especially bearing in mind that last year we were in the middle of the pandemic.

In August this year the number of engines built amounted to 81,266 whereas in August 2020 the figure was 106,398. That is a drop of 23.6%. Of that figure for August 2021, 27,797 were built for the home market and 53,469 built for the export market. .........read more »
MOT Backlog
September 23, 2021 by mti

If you are involved in carrying out MOTs on vehicles you will probably be aware that there is a backlog of MOTs that need to be carried out due in part to the pandemic. It is quite possible that you have a full diary of MOTs booked over the next few weeks.

You may remember that last year the Government agreed that, depending upon when last year’s MOT was due, drivers could delay having their MOT carried out on their cars. As a result, this has meant that there are currently more vehicles that need to be MOTd than normal at this time of year due to what happened in 2020. .........read more »
Sale Of New Cars Drop In August
September 7, 2021 by mti

August tends to be a quiet month for motor traders involved in the sale of new cars as customers tend to hold back until the new registration plate vehicles come out. In August 2021, the number of new cars registered here in the UK amounted to 68,033 with this being a fall of 22.0% when compared with the same month in 2020 when 87,226 new cars were sold according to figures published by the Society of Motor Manufacturers and Traders (SMMT). .........read more »
Used Car Market Improves In Q2 2021
August 20, 2021 by mti

Motor traders will be interested to read that the second hand car market saw a big increase in sales in the second quarter of 2021 when compared with the same quarter last year. However, that is probably not a surprise when you take into account the pandemic.

In Q2 of 2021 there were 2,167,504 used cars sold in the UK according to figures produced by the Society of Motor Manufacturers and Traders (SMMT) whereas in Q2 of 2020 there were 1,099,303 used cars sold – an increase of 108.6%. Apparently, the figures for Q2 of 2021 were 6.6% higher than the same quarter in 2019. .........read more »
Staff Self-Isolating May Impact Car Production
August 4, 2021 by mti

You will probably be aware that a huge number of people here in the UK have had to self-isolate due to coming into contact with someone who has COVID-19. As with many other businesses, this could potentially have a negative impact on car manufacturing and the industry has asked for something to be done about this. .........read more »
Are Used Car Prices Increasing?
July 19, 2021 by mti

According to Startline Motor Finance that provides finance for motor vehicles, it would appear that the average amount paid by motorists to purchase a used car has been increasing in the pandemic. This will no doubt be of interest to motor traders who are involved in the buying and selling of second hand cars. .........read more »
New Car Registrations Increase In 6 Months To June 2021
July 5, 2021 by mti

Those of you running a motor trade business will hopefully have seen an increase in the number of new cars being sold in the last few weeks in the UK. Hopefully, there will also have been a rise in the number of used cars sold.

Recent figures produced by the Society of Motor Manufacturers and Traders (SMMT) have revealed that there has been a jump in the number of new cars registered here in the UK for the 6 months ending 30 June 2021 when compared with the same period last year. .........read more »
Engine Production Increases In April and Van Sales Rise In May
June 19, 2021 by mti

It will probably not come as a surprise for those of you involved in the motor trade industry to read that engine manufacturing in the UK in April 2021 increased in comparison to the same month last year and new van sales increased in May 2021 when compared with May 2020. The increase is mainly due to the fact that in those months last year we were in the forefront of the pandemic. .........read more »
Engine Production Increases In April and Van Sales Rise In May
June 15, 2021 by mti

It will probably not come as a surprise for those of you involved in the motor trade industry to read that engine manufacturing in the UK in April 2021 increased in comparison to the same month last year and new van sales increased in May 2021 when compared with May 2020. The increase is mainly due to the fact that in those months last year we were in the forefront of the pandemic. .........read more »
May Sees Increase In New Car Sales
June 6, 2021 by mti

In May last year the UK was in the throes of the pandemic with many retail outlets closed. As a result, the number of new cars bought in that month was very low so it is not surprising to read that May 2021 has seen a significant increase in the number of new cars being registered.

According to figures produced by the Society of Motor Manufacturers and Traders (SMMT), in May 2020 the number of new cars sold amounted to 20,247 whereas in May 2021 the figure was 156,737. That is an increase of 136,490 with that equating to a huge rise of 674.1%. .........read more »