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Posts Tagged 'Motor Trade Industry'

  1. UK New Car Manufacturing Falls In November

    December 22, 2019 by Logan Biggs

    Unfortunately, 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%. .........read more »


  2. AFVs Account for Over 10% Of New Cars Registered In November

    December 6, 2019 by Logan Biggs

    The 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. .........read more »


  3. Used Car Sales Rise In Third Quarter

    November 21, 2019 by Logan Biggs

    These 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%. .........read more »


  4. New Consumer Car Finance Rises In July

    September 12, 2019 by Logan Biggs

    Those motor traders who are able to offer point of sale consumer car finance to their customers will find it interesting to read that, according to the Finance and Leasing Association (FLA), there has been an increase in both the value of advances made and the number of cars on which point of sale finance was arranged when comparing July 2019 with July 2018. It is good to hear some positive news relating to the motor trade industry. .........read more »


  5. Drop In Used Car Sales In Q2

    August 21, 2019 by Logan Biggs

    There is more disappointing news for the motor trade industry, in particular for motor traders, with the announcement by the Society of Motor Manufacturers and Traders (SMMT) that there was a reduction in the number of used cars sold here in the UK when comparing the second quarter of 2019 with the same period last year. .........read more »


  6. Trade Values For Used Cars Falls In July 2019

    August 14, 2019 by Logan Biggs

    Motor traders will be aware that business is tough at the moment and has been for some time. It can prove difficult to move cars off the forecourt within a reasonable timescale and this could impact on the bottom line.

    According to cap hpi, the trade value on used cars has fallen by an average of 2.2% in July 2019 for a 3 year 60,000 mile vehicle. In the last 5 years the average fall in such values in July has been 1% so the latest figure is somewhat concerning. .........read more »


  7. Another Bad Month For The Number Of New Cars Sold

    August 6, 2019 by Logan Biggs

    Here in the UK, the new car market is having a poor time of things. The Society of Motor Manufacturers and Traders (SMMT) has announced that the number of new cars sold here in the UK in July 2019 fell by 4.1% when compared with the same month last year.

    In July 2019 the number of new cars sold amounted to 157,198 compared to the 163,898 sold in July 2018. .........read more »


  8. Reduction In UK Car Manufacturing

    July 31, 2019 by Logan Biggs

    Those of you operating within the motor trade industry will be disappointed to read that car manufacturing here in the UK suffered a large drop in production on a year to date basis to June 2019. This is not good news for this important sector of the UK economy.

    According to the Society of Motor Manufacturers and Traders (SMMT), in the 6 months to June 2019 there was a fall of 20.1% in the building of cars here in the UK when compared with the same period to June 2018. In the later period there were 834,573 new cars built whereas in the former period there were only 666,521 new cars constructed. .........read more »


  9. Sales Of New Cars Fall In June

    July 12, 2019 by Logan Biggs

    It has probably been a disappointing June for many motor traders here in the UK involved in the sale of new cars as, according to the Society of Motor Manufacturers and Traders (SMMT), there has been s drop in the number of new cars registered last month.   

    Unfortunately, in June 2019, the number of new cars sold fell by 4.9% when compared with June of last year. .........read more »


  10. New Van Sales Increase In May

    June 22, 2019 by Logan Biggs

    There has been so much bad news in recent weeks and months surrounding the motor trade industry that it is great to be able to report about something positive. This involves the number of new vans that were sold in May 2019.

    According to the Society of Motor Manufacturers and Traders (SMMT), there was a reasonable rise in the number of new vans sold here in the UK in May 2019 when compared with the same month last year. This news will particularly please motor traders who are involved in the buying and selling not only of new vans but also used ones as well. .........read more »


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