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Posts Tagged 'Motor Traders'

  1. Drop In Sale Of New HGVs, Buses And Coaches

    November 19, 2020 by mti

    Motor 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). .........read more »


  2. Drop In New Car Sales In October

    November 5, 2020 by mti

    Motor 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%. .........read more »


  3. Consumer Finance For Used Cars Increases In August

    October 21, 2020 by mti

    Like 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. .........read more »


  4. September Sees Fall In New Car Registrations

    October 5, 2020 by Logan Biggs

    Motor 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. .........read more »


  5. Bus, Coach and HGV Registrations Fall In Q2 2020

    August 19, 2020 by mti

    Motor 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. .........read more »


  6. Large Drop In UK Car Manufacturing In May

    July 22, 2020 by mti

    It 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%. .........read more »


  7. Guidance And Best Practice Document Produced For Retail Automotive Sector

    May 21, 2020 by Logan Biggs

    Motor traders will be interested to read the COVID-19: Industry Guidance And Best Practice For Automotive Retail document that was first published on the 13th May 2020 in readiness for when motor traders can open their doors to potential buyers of motor vehicles. Whilst a definite date has yet to be announced by the Government, it may be as soon as 1st June 2020. .........read more »


  8. New Car And Van Registrations Fall Dramatically In April

    May 9, 2020 by Logan Biggs

    It will probably not surprise motor traders to read that, according to the Society of Motor Traders and Motor Manufacturers (SMMT), there was a very large fall in the number of new cars and new vans registered in April 2020 when compared with April of last year. This is due to the coronavirus pandemic. .........read more »


  9. Consumer Car Finance Volumes Drop In February 2020

    April 23, 2020 by Logan Biggs

    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. .........read more »


  10. March Sees Huge Drop In New Car Sales

    April 9, 2020 by Logan Biggs

    Motor 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. .........read more »


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