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Posts within the 'Motor Trade' Category

July Sees Drop In UK Car Manufacturing
September 4, 2020 by Logan Biggs

It will probably not come as a surprise to those of you involved in the motor trade industry to read that the number of new cars built here in the UK dropped in July 2020 when compared to July 2019. The pandemic no doubt had a significant impact on performance.

In July 2020, the number of new cars manufactured in the UK amounted to 85,696 whereas in July last year the figure was 108,239. That is a significant fall of 22,543 that equates to a drop of 20.8%. The number of new cars built for the home market in July 2020 amounted to 13,434 whereas in July 2019 the figure was 21,371 – a fall of 37.1%. The number of new cars manufactured for the export market in July 2020 amounted to 72,434 whereas in July 2019 the figure was 86,868 – a drop of 16.8%. .........read more »
Bus, Coach and HGV Registrations Fall In Q2 2020
August 19, 2020 by mti

Motor traders and others working within the motor trade industry will be disappointed to hear that the number of new buses, coaches and HGVs registered in the UK in the second quarter of 2020 dropped. That is according to data produced by the Society of Motor Manufacturers and Traders (SMMT).

In the second quarter of 2020, there were 328 new buses and coaches registered here in the UK with this being a fall of 77.1% when compared with the same quarter in 2019.There were 208 minibuses, 51 single-deck and 69 double-deck buses and coaches registered in Q2 2020. On a year to date basis to the second quarter of 2020, there were 1,731 new buses and coaches registered with this being a fall of 34.6% when compared with the same period last year. .........read more »
New Car And Van Registrations Rise In July
August 5, 2020 by Logan Biggs

Motor traders and those of you operating within the motor trade industry will be pleased to read that there was an increase in the number of new cars and vans sold in the month of July 2020 in the UK when compared with the same month in 2019 according to figures published by the Society of Motor Manufacturers and Traders (SMMT). .........read more »
Large Drop In UK Car Manufacturing In May
July 22, 2020 by mti

It will probably not come as a surprise to motor traders and those involved in the motor trade industry that May 2020 saw a very large reduction in the number of new cars built here in the UK when compared with May 2019.

According to the Society of Motor Manufacturers and Traders (SMMT), in May 2020 there were 5,314 new cars manufactured in the UK whereas in May 2019 the figure was 116,035. This is a dramatic fall of 95.4%. In May 2020 there were only 1,054 new cars built for the home market whereas in May 2019 there were 22,175 – a drop of 95.2%. In May 2020 there were only 4,260 new cars built for export whereas in May 2019 the figure was 93,860 – a fall of 95.5%. .........read more »
June Sees Further Decline In Sale Of New Cars And Vans
July 6, 2020 by Logan Biggs

It is perhaps not surprising that motor traders saw a fall in the number of new cars sold in June 2020 when compared to the same month last year. After all, although car showrooms have been able to re-open in June, it will no doubt take some time for us to see the number of sales improve to anywhere near the levels that were seen in 2019. .........read more »
Job Losses In The Motor Trade Industry
June 18, 2020 by Logan Biggs

It will probably not come as a surprise to read that there will be job losses here in the UK within the motor trade industry no doubt due in part to the impact the coronavirus pandemic has had. Needless to say, this is disappointing news and let us hope that all those affected are able to obtain alternative forms of employment very quickly albeit there may not be much opportunity within the motor trade industry. .........read more »
Engine Production Falls Dramatically In The UK
June 5, 2020 by Logan Biggs

Those of you running a business in the motor trade industry will not be surprised to read that the number of motor engines produced in the UK fell dramatically in April in comparison to the same month last year. According to data produced by the Society of Motor Manufacturers and Traders (SMMT), the number of engines built this April only amounted to 830 whereas in April 2019 the figure was 178,022 – a drop of 99.5%. .........read more »
Guidance And Best Practice Document Produced For Retail Automotive Sector
May 21, 2020 by Logan Biggs

Motor traders will be interested to read the COVID-19: Industry Guidance And Best Practice For Automotive Retail document that was first published on the 13^th May 2020 in readiness for when motor traders can open their doors to potential buyers of motor vehicles. Whilst a definite date has yet to be announced by the Government, it may be as soon as 1^st June 2020. .........read more »
New Car And Van Registrations Fall Dramatically In April
May 9, 2020 by Logan Biggs

It will probably not surprise motor traders to read that, according to the Society of Motor Traders and Motor Manufacturers (SMMT), there was a very large fall in the number of new cars and new vans registered in April 2020 when compared with April of last year. This is due to the coronavirus pandemic. .........read more »
Consumer Car Finance Volumes Drop In February 2020
April 23, 2020 by Logan Biggs

Motor traders will be interested to read that in February 2020 the volume of consumer car finance new business volumes reduced by 1% in comparison to February 2019 according to the Finance and Leasing Association (FLA). A drop of 8% was seen in the volume of new consumer finance for new cars between the same periods but there was a rise of 1% in the volume of new consumer finance for second hand cars between the same periods. .........read more »