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.
Welcome to the MTI Blog
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Consumer Car Finance Volumes Drop In February 2020
April 23, 2020 by Logan Biggs
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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.
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New Van Registrations Increase In 2019
January 21, 2020 by Logan BiggsWe 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.
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Reduction In New Car Sales In 2019
January 7, 2020 by Logan BiggsIt 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.
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UK New Car Manufacturing Falls In November
December 22, 2019 by Logan BiggsUnfortunately, 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%.
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AFVs Account for Over 10% Of New Cars Registered In November
December 6, 2019 by Logan BiggsThe 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.
