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.
Posts within the 'Motor Trade' Category
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AFVs Account for Over 10% Of New Cars Registered In November
December 6, 2019 by Logan Biggs
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Used Car Sales Rise In Third Quarter
November 21, 2019 by Logan BiggsThese 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%.
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October Sees Fall In UK Van Sales
November 13, 2019 by Logan BiggsThere 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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Reduction In New Car Registrations In October 2019
November 6, 2019 by Logan BiggsOnce again, there is further disappointing news within the motor trade industry as the Society of Motor Manufacturers and Traders (SMMT) has announced that there has been a drop in the number of new cars registered here in the UK in October 2019.
Last month there were 143,251 new cars registered whereas in October 2018 the figure was 153,599 – a drop of 6.7%. This will particularly concern motor traders who are involved in the sale of new cars. The number of private new car sales fell by 13.2% between those periods, fleet sales rose by a minimal 0.3% and business sales dropped significantly by 30.3%.
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August Sees Drop in New Consumer Car Finance Deals
October 30, 2019 by Logan BiggsMotor traders will probably be interested to read that, according to the Finance and Leasing Association (FLA), there was a drop in the number of new point of sale consumer car finance deals in August 2019 when compared with the same month last year.
In August 2019, there were 49,762 new cars purchased by consumers using such finance. This was a fall of 2% in comparison to August 2018. In the 3 months to August 2019 the figure was 198,734 with this being a 2% fall when compared with the same period last year. In the year to August 2019, some 940,281 new cars were bought using such finance with this being a fall of 5% – a significant percentage.
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Cost Of Car Insurance Drops
October 21, 2019 by Logan BiggsMotor traders and others running motor trade businesses may be interested to read that the average cost of insuring a car fell in the third quarter of 2019 when compared with the same period last year. You will no doubt have insurance covering driving customers’ vehicles plus you may also have cover for vehicles owned by your business so any change in the cost of car insurance may have an impact on how much your existing insurer will charge you at renewal.
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New Car Sales Go Up In September 2019
October 15, 2019 by Logan BiggsOn 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.
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Sale Of New Vans Drop In September
October 5, 2019 by Logan BiggsThere 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.
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Some Positive Figures For The Motor Industry In August
September 26, 2019 by Logan BiggsThere 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%.
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Number Of New Cars Registered In August Falls In UK
September 20, 2019 by Logan BiggsMotor 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%.
