Yet again some disappointing news for those of you in the motor trade industry – in particular those involved in the selling of new cars here in the UK. According to data produced by the Society of Motor Manufacturers and Traders (SMMT), there has been a fall in the number of new cars sold in the UK.
Welcome to the MTI Blog
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New Car Sales Drop In January
February 6, 2019 by Logan Biggs
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Number Of New Cars Built In UK Falls In 2018
January 31, 2019 by Logan BiggsThere has recently been more disappointing news for the UK car manufacturing industry with the Society of Motor Manufacturers and Traders (SMMT) publication of the figures for the number of new cars built here in the UK last year. The figures will no doubt disappoint motor traders and other sectors of the motor trade industry but may not come as much of a surprise to some of you.
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Cost Of Car Insurance Increases
January 23, 2019 by Logan BiggsIt is rather concerning to hear that car insurance premiums have gone up in the 4th quarter of last year based upon figures contained in the Confused.com car insurance price index as this may have an impact on the amount that motor traders and certain other businesses in the motor trade industry pay for their motor trade insurance.
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Annual Figures Reveal Small Drop In New Van Sales
January 15, 2019 by Logan BiggsAccording to data produced by the Society of Motor Manufacturers and Traders (SMMT), there was a small fall in the number of new vans sold here in the UK in the year to 31st December 2018. This news will no doubt come as a disappointment to motor traders in particular those who operate within the sale of new and used vans.
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Significant Drop In New Car Sales In 2018
January 7, 2019 by Logan BiggsUnfortunately, 2018 was not a good year for the sale of new cars here in the UK when comparing the figures with the previous year. The Society of Motor Manufacturers and Traders (SMMT) has recently produced the figures and they make for disappointing reading.
In 2018, there were 2,367,147 new cars sold here in the UK yet in 2017 there were 2,540,617. That is a drop of 173,470 with this equating to an average reduction of 14,455 per month. In percentage terms, this is a fall of 6.8%. We are sure that you will agree these figures are concerning in particular if you are a motor trader involved in the sale of new cars but it will also concern many businesses operating within the motor trade industry.
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Big Drop In UK Car Manufacturing
December 29, 2018 by Logan BiggsIn November 2018, according to data published by the Society of Motor Manufacturers and Traders (SMMT), there was a very large fall in the number of new cars manufactured here in the UK when compared to the same month last year.
Motor traders and others operating within the motor trade industry will be disappointed to read that last month there was a fall of 19.6% in the number of new cars built here in the UK when compared with November 2017. In November 2018 there were 129,030 new cars built yet in November 2017 there were 160,581. That is a significant drop of 31,551 that is most concerning news.
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Can You Afford To Pay Annually For Your Cover?
December 20, 2018 by Logan BiggsIf you run your own motor trade business such as a motor trader or perhaps a mechanic or car body repair shop then you will no doubt have suitable motor trade insurance in place to provide you with suitable protection in the event of something untoward happening. This could be say a road traffic accident, a customer injuring themselves on your business premises or someone breaking into your factory and stealing your tools.
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November Sees Rise In New Van Sales
December 14, 2018 by Logan BiggsIf you are in the motor trade then you will no doubt be pleased to read that, according to the Society of Motor Manufacturers and Traders (SMMT), there has been a rise in the number of new van sales here in the UK in November 2018 when compared with the same month last year.
In November 2018 29,035 new vans up to 3.5 tonnes were sold whereas in November 2017 26,486 new vans were sold in that category. That is an increase of 9.6% and we are sure you will agree that is good news for the industry.
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Another Reduction In New Car Sales
December 7, 2018 by Logan BiggsYet again, there has been another monthly drop in new car sales with this news no doubt disappointing those of you in the motor trade industry but in particular motor traders. Figures produced by the Society of Motor Manufacturers and Traders (SMMT) have revealed that there was a fall of 3% in the number of new cars sold when comparing November 2018 with the same month last year.
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General Motors To Close Number Of Plants In USA
November 29, 2018 by Logan BiggsIt has recently been announced by the American vehicle manufacturing giant General Motors (GM) that it is to close a number of its plants in the USA and one in Canada resulting in the loss of in excess of 14,000 jobs. This news has not gone down well with Donald Trump the President of the United States of America.As a result, it is being forecast that by the end of 2020 the company will save in the region of $6 billion. That is a huge sum of money. The reason for the shut downs is due to car sales slowing down as well as rising costs. The company intends to invest more in autonomous and electric vehicles.
The company is stopping production of a number of vehicles such as the Chevrolet Impala, Cadillac CT6 and the Buick LaCross.
It will be interesting to see if any UK car manufacturers feel the need to cut costs by shutting plants and/or making some employees redundant. Here in the UK, as mentioned in other news articles, there has been a fall in the number of new cars sold in recent months. Let us hope that this situation soon turns around and the motor trade industry is able to provide some good news that it has been somewhat lacking in over the last few months.
The motor trade industry here in the UK covers so many different types of businesses that are potentially affected by any drop in new car sales. For instance, the services of car valeters are sometimes used to ensure new vehicles are kept in pristine condition prior to sale. New cars need servicing periodically so mechanics are in popular demand both at dealerships and many also run their own business. Unfortunately, some cars are involved in road traffic accidents and suffer damage so car body repair shops provide a service to repair such vehicles. Cars need new parts so car parts businesses provide such things to the likes of garages.
We will continue to keep our readers such as motor traders up to date with any significant developments should any car manufacturers in the UK decide to follow the way of General Motors.
