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.
Welcome to the MTI Blog
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Job Losses In The Motor Trade Industry
June 18, 2020 by Logan Biggs
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Engine Production Falls Dramatically In The UK
June 5, 2020 by Logan BiggsThose 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%.
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Guidance And Best Practice Document Produced For Retail Automotive Sector
May 21, 2020 by Logan BiggsMotor traders will be interested to read the COVID-19: Industry Guidance And Best Practice For Automotive Retail document that was first published on the 13th 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 1st June 2020.
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New Car And Van Registrations Fall Dramatically In April
May 9, 2020 by Logan BiggsIt 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.
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Consumer Car Finance Volumes Drop In February 2020
April 23, 2020 by Logan BiggsMotor 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.
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March Sees Huge Drop In New Car Sales
April 9, 2020 by Logan BiggsMotor traders will be aware that March is usually a great month for new car sales due to the new number plates coming out. However, March 2020 has been a terrible month for the number of new car registrations according to figures published by the Society of Motor Manufacturers and Traders (SMMT) due to the coronavirus having a dramatic impact throughout the UK.
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February Sees Another Reduction In New Car Sales
March 24, 2020 by Logan BiggsWhen 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.
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January Fall In Car Production In The UK
March 4, 2020 by Logan BiggsThe 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.
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January Sees Drop In New Car Sales But Rise In New Van Sales
February 19, 2020 by Logan BiggsIf 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.
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Government Plans To Ban Sale Of New Petrol And Diesel Cars By 2035
February 5, 2020 by Logan BiggsIf 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.
