If 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.
Welcome to the MTI Blog
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Government Plans To Ban Sale Of New Petrol And Diesel Cars By 2035
February 5, 2020 by Logan Biggs
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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.
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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.
