Further disappointing news for the motor trade industry was recently announced by the Society of Motor Manufacturers and Traders (SMMT) when it published the figures for the number of new cars and engines that were manufactured in the UK in October 2020. Regrettably, there was a fall in the numbers when compared with the same month last year. No doubt the current coronavirus pandemic has had a negative impact on the figures.
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UK Car And Engine Production Fall In October
December 3, 2020 by mti
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Drop In Sale Of New HGVs, Buses And Coaches
November 19, 2020 by mtiMotor traders involved in the sale of new HGVs, buses and coaches here in the UK will be interested to read that the numbers of these vehicles sold fell in the third quarter of this year when compared with the same period in 2019 according to figures produced by the Society of Motor Manufacturers and Traders (SMMT).
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Drop In New Car Sales In October
November 5, 2020 by mtiMotor traders will be disappointed to read that, according to the Society of Motor Manufacturers and Traders (SMMT), there has been a drop in the sale of new cars for the month of October 2020 when compared with the same month last year.
In October 2020 there were 140,945 new cars sold whereas in October 2019 the figure was 143,251. That is a fall of 2,306 that equates to a drop of 1.6%.
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Consumer Finance For Used Cars Increases In August
October 21, 2020 by mtiLike many businesses, motor traders have been and are going through a difficult trading period due to the pandemic. At the time of writing, unfortunately there seems no end in sight. It is interesting though to hear that consumer used car finance has increased for the month of August.
According to the Finance and Leasing Association (FLA) the volume of new business relating to consumer used car finance increased by 2% in relation to volume and increased by 10% in relation to value when comparing the month of August 2020 with August 2019. However, it is interesting to note that on a year to date basis to August 2020 the volume of new business dropped by 22% in comparison to the year to date to August 2019.
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September Sees Fall In New Car Registrations
October 5, 2020 by Logan BiggsMotor traders will be disappointed to read that the number of new cars registered in September 2020 fell in comparison to the same month last year according to data published by the Society of Motor Manufacturers and Traders (SMMT). This news will also no doubt concern other parts of the motor trade industry.
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Has Insuring Your Vehicles Got Cheaper?
September 15, 2020 by Logan BiggsIf you are a motor trader then you will need to make sure that your vehicles are suitably insured at all times such as when they are on your forecourt awaiting sale or are being driven by you or a customer who is test driving a car as part of their decision making process as to whether he or she is going to buy the vehicle.
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July Sees Drop In UK Car Manufacturing
September 4, 2020 by Logan BiggsIt will probably not come as a surprise to those of you involved in the motor trade industry to read that the number of new cars built here in the UK dropped in July 2020 when compared to July 2019. The pandemic no doubt had a significant impact on performance.
In July 2020, the number of new cars manufactured in the UK amounted to 85,696 whereas in July last year the figure was 108,239. That is a significant fall of 22,543 that equates to a drop of 20.8%. The number of new cars built for the home market in July 2020 amounted to 13,434 whereas in July 2019 the figure was 21,371 – a fall of 37.1%. The number of new cars manufactured for the export market in July 2020 amounted to 72,434 whereas in July 2019 the figure was 86,868 – a drop of 16.8%.
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Bus, Coach and HGV Registrations Fall In Q2 2020
August 19, 2020 by mtiMotor traders and others working within the motor trade industry will be disappointed to hear that the number of new buses, coaches and HGVs registered in the UK in the second quarter of 2020 dropped. That is according to data produced by the Society of Motor Manufacturers and Traders (SMMT).
In the second quarter of 2020, there were 328 new buses and coaches registered here in the UK with this being a fall of 77.1% when compared with the same quarter in 2019.There were 208 minibuses, 51 single-deck and 69 double-deck buses and coaches registered in Q2 2020. On a year to date basis to the second quarter of 2020, there were 1,731 new buses and coaches registered with this being a fall of 34.6% when compared with the same period last year.
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New Car And Van Registrations Rise In July
August 5, 2020 by Logan BiggsMotor traders and those of you operating within the motor trade industry will be pleased to read that there was an increase in the number of new cars and vans sold in the month of July 2020 in the UK when compared with the same month in 2019 according to figures published by the Society of Motor Manufacturers and Traders (SMMT).
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Large Drop In UK Car Manufacturing In May
July 22, 2020 by mtiIt will probably not come as a surprise to motor traders and those involved in the motor trade industry that May 2020 saw a very large reduction in the number of new cars built here in the UK when compared with May 2019.
According to the Society of Motor Manufacturers and Traders (SMMT), in May 2020 there were 5,314 new cars manufactured in the UK whereas in May 2019 the figure was 116,035. This is a dramatic fall of 95.4%. In May 2020 there were only 1,054 new cars built for the home market whereas in May 2019 there were 22,175 – a drop of 95.2%. In May 2020 there were only 4,260 new cars built for export whereas in May 2019 the figure was 93,860 – a fall of 95.5%.
