When will we see the fortunes of motor traders turn around? Well, February was not a good month for the sale of new cars according to data published by the Society of Motor Manufacturers and traders (SMMT).
It is disappointing to hear yet again that the number of new cars sold in the month of February 2020 reduced when compared with the same month in 2019. Of course, as motor traders will be well aware, the number of new car sales also has an impact upon how many used cars are remaining unsold.
The motor trade industry must be used to hearing disappointing news so it will probably not come as a surprise to read that car production in the UK saw a drop in January 2020 according to figures published by the Society of Motor Manufacturers and Traders (SMMT). This will also cause some concern amongst motor traders involved in the sale of new cars.
If you are a motor trader selling new cars then you will be disappointed to read that, according to data published by the Society of Motor Manufacturers and Traders (SMMT), the number of new cars sold here in the UK fell by 7.3% in January 2020 when compared with the same month last year but if you are involved in the sale of new vans then you will be pleased to hear that the number of new vans sold here in the UK in January 2020 rose by 5.9% when compared with January 2019.
If you are in the motor trade industry and in particular involved in the sale of new cars as a motor trader then you will no doubt find the Government’s recent announcement that it plans to bring forward banning the sale of new diesel and petrol cars from 2040 to 2035 plus it also wishes to include the sale of new hybrid cars in the proposed ban from the same date of great interest.
We are pleased to inform motor traders that there was an increase in the number of new vans registered in 2019 in the UK in comparison to 2018. That will also come as good news to others in the motor trade industry.
According to data published by the Society of Motor Manufacturers and Traders (SMMT), there was a rise of 2.4% in the number of new vans sold in the UK in 2019 with some 365,778 being sold whereas in 2018 the figure was 357,325. That is different to the situation for new car sales as mentioned in the last post when the number of such vehicles sold last year fell when compared to the previous year.
It will not come as a surprise to motor traders to read that, according to figures published by the Society of Motor Manufacturers and Traders (SMMT), the number of new cars registered here in the UK fell in 2019 when compared with the previous year. Unfortunately, such data also has an impact upon other areas of the motor trade industry.
Unfortunately, there is more disappointing new for the motor trade industry with the recent announcement by the Society of Motor Manufacturers and Traders (SMMT) that the number of new cars built here in the UK in November 2019 amounted to 107,753. In November 2018 the figure was 129,030 so this was a fall of 16.5%.
The sale of new alternatively fuelled vehicles (AFVs) is going very well here in the UK according to figures produced by the Society of Motor Manufacturers and Traders (SMMT). If you are a motor trader, you will be interested to read that the market share of such registrations in November 2019 was 10.2%. This equates to just over 16,000 new cars.
These days, it is rare to provide any positive news in relation to the motor trade but we have some that will please motor traders who are involved in the sale of used cars.
According to the Society of Motor Manufacturers and Traders (SMMT), the number of used cars sold here in the UK in the third quarter of 2019 increased by 18,925 when compared with the same quarter of last year. In the third quarter of 2018 there were 2,057,457 second hand cars sold whereas in the same quarter of this year the figure was 2.076,382. This equates to a rise of 0.9%.
There is more disappointing news for the motor trade industry with the recent announcement that the number of new vans sold here in the UK for the month of October 2019 has fallen. Obviously, this will give cause for concern in particular to those motor traders involved in the sale of such vehicles.
According to the Society of Motor Manufacturers and Traders (SMMT), the number of new vans sold in October 2019 totalled 25,373. For the same month last year the figure was 28,494 so there was a drop of 11.0% – a sizeable figure. The number of new pickups sold last month amounted to 3,241 – a drop of 12% from 3.681 in October 2018. The number of new 4x4s last month was 226 with this being a rise of 65% when compared with the 137 sold in the same month last year. The number of new vans up to 2.0 tonnes sold in October 2019 was 1,396 – an increase of 2.0% from 1,368 in October 2018. The number of new vans sold between 2.0 to 2,5 tonnes last month was 4,355 with this being a big increase of 31% from 3,325 in October 2018. The number of new vans sold in the 2.5 to 3.5 tonnes category in October 2019 was 16,155 whereas in the same month last year the figure was 19,983 – a fall of 19.2%.
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