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More Car Buyers Prefer Communicating With Motor Dealers By Phone
September 30, 2018 by Logan Biggs
If you are a motor trader then you will obviously be aware that it is important that your potential new customers and your existing ones can get in touch with you with ease. After all, if you are not contactable then how can you expect to conduct any business.

Well you may be interested to read that, according to some research carried out by Dealerweb, the favoured way for car buyers to get in touch with a dealership in normal office hours i.e. between 9 am to 5 pm is by phone. Research was carried out with 1,200 motorists and 53% preferred to get in touch with the dealership by telephone. The other 47% preferred to communicate by e-mail. .........read more »
Drop In Car Manufacturing In UK In July
September 24, 2018 by Logan Biggs
If you are in the motor trade industry and in particular are a motor trader selling new cars then you will be disappointed to read that there was quite a drop in the number of new cars built here in the UK in July 2018. The Society of Motor Manufacturers and Traders (SMMT) has produced data revealing that there was a fall of 11% when comparing July 2018 with July 2017. You will no doubt agree that is quite a significant drop and is rather concerning. .........read more »
August Sees Big Increase In New Car Sales
September 17, 2018 by Logan Biggs
Motor traders will be pleased to read that, according to statistics published by the Society of Motor Manufacturers and Traders (SMMT), there was a significant increase in the number of new cars registered here in the UK in August 2018 when compared to the same month last year.

In August this year there were 94,094 new car sales yet in August 2017 there were only 76,433. That is a huge rise of 23.1% and that has got to be good news for the motor trade industry. .........read more »
Big Rise In New Car Prices Over 10 Years
September 8, 2018 by Logan Biggs
If you are a motor trader who is involved in the sale of new cars then you may well have noticed that over the last 10 years there has been quite a large increase in the average price of a new car. However, you may be surprised to hear just how much the price has gone up.

According to data produced by cap hpi, the average price of a new car back in February 2008 was £24,383. By February 2018, this figure had increased significantly to £33, 559. That is a rise of almost 38% – a very large increase. .........read more »
Reduction In New Van Sales In July
August 31, 2018 by Logan Biggs
Unfortunately, July saw another fall in the number of new vans registered which will come as disappointing news to those of you operating within the motor trade industry in particular those selling such vehicles.

Data produced by the Society of Motor Manufacturers and Traders (SMMT) showed that all new van sales to 3.5 tonnes fell by 5.9% when comparing July 2018 with the same month last year. In July 2018 there were 23,309 new vans registered whereas in July 2017 there were 24,766. .........read more »
Fall In Used Car Sales
August 24, 2018 by Logan Biggs
Motor traders will be disappointed to read that there has been a drop in the number of used cars sold here in the UK according to figures published by the Society of Motor Manufacturers and Traders (SMMT).

In the second quarter of 2018, there were 2,093,429 used cars sold whereas in the same quarter of 2017 there was 2,102,154 second hand cars sold. That is a fall of 0.4%. On a year to date basis, in 2018 there were 4,125,090 used cars changing hands whereas in the same period in 2017 there were 4,236,110 used cars sold. That is a drop of 2.6%. .........read more »
Low Percentage Of Car Buyers Arrange Finance Online
August 18, 2018 by Logan Biggs
A survey carried out by FICO has revealed some informative data relating to motorists who are buying a car using online finance that motor traders here in the UK may find of interest. The statistics relate to the purchase of both new and used cars.

When buying a car in the UK, motorists have a number of options. For instance, many will have an existing vehicle that they want to put in part exchange and will use savings to make up the shortfall or will require some form of borrowing such as by way of a personal loan that has been agreed by their bank. Some motorists will sort out their finance through the dealership. Some motorists will arrange to lease the vehicle. .........read more »
July Sees Slight Rise In New Car Market
August 10, 2018 by Logan Biggs
According to data produced by the Society of Motor Manufacturers and Traders (SMMT), there was a slight rise in the number of new cars registered here in the UK in July 2018 when compared with the same month last year. This will please motor traders who, in recent months, have seen the number of new cars being sold reduce and that is not good news for the motor trade industry. .........read more »
Do You Have An Adequate Level Of Business Interruption Cover?
August 4, 2018 by Logan Biggs
If you own a business within the motor trade industry such as a garage involved in the servicing and mechanical repair of vehicles then you will no doubt have motor trade insurance in place to cover you for a variety of risks. An optional extra with such policies may be for business interruption cover. .........read more »
Fall In New Coach And Bus Registrations
July 28, 2018 by Logan Biggs
We have regularly provided updates about the number of new cars and vans that are registered here in the UK but we have never mentioned about the number of new coaches and buses that are being sold. So, those of you in the motor trade involved in selling such vehicles may find the following information useful. .........read more »

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