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Posts Tagged 'Motor Traders'

  1. Are Used Car Prices Increasing?

    July 19, 2021 by mti

    According to Startline Motor Finance that provides finance for motor vehicles, it would appear that the average amount paid by motorists to purchase a used car has been increasing in the pandemic. This will no doubt be of interest to motor traders who are involved in the buying and selling of second hand cars. .........read more »


  2. New Car Registrations Increase In 6 Months To June 2021

    July 5, 2021 by mti

    Those of you running a motor trade business will hopefully have seen an increase in the number of new cars being sold in the last few weeks in the UK. Hopefully, there will also have been a rise in the number of used cars sold.

    Recent figures produced by the Society of Motor Manufacturers and Traders (SMMT) have revealed that there has been a jump in the number of new cars registered here in the UK for the 6 months ending 30 June 2021 when compared with the same period last year. .........read more »


  3. Engine Production Increases In April and Van Sales Rise In May

    June 19, 2021 by mti

    It will probably not come as a surprise for those of you involved in the motor trade industry to read that engine manufacturing in the UK in April 2021 increased in comparison to the same month last year and new van sales increased in May 2021 when compared with May 2020. The increase is mainly due to the fact that in those months last year we were in the forefront of the pandemic. .........read more »


  4. March 2021 Sees Increase In New Car Registrations

    May 4, 2021 by mti

    Unfortunately, probably due primarily to the pandemic, we have not been able to report anything positive in respect of the motor trade industry for many weeks. So, motor traders will be pleased to read that March 2021 saw an increase in the number of new cars sold here in the UK according to data published by the Society of Motor Manufacturers and Traders (SMMT). .........read more »


  5. Cost Of Car Insurance Drops In Q1 2021

    April 16, 2021 by mti

    Motor traders will be interested to read that the cost of insuring a car has fallen in the first quarter of 2021 according to MoneySuperMarket.com that is a very well-known price comparison website.

    Apparently, figures published by MoneySuperMarket.com reveal that the average price paid by motorists for fully comprehensive car insurance fell from around £485 per annum in the first quarter of 2020 to around £417 per annum in the first quarter of 2021. That is a reduction of £68 per annum that equates to a fall of 14% per annum. .........read more »


  6. Increase In Market Share Of New Electric Cars Sold In 2020

    January 7, 2021 by mti

    In the main, 2020 was a very disappointing year for many people involved in the motor trade industry including motor traders. However, according to figures published by the Society of Motor Manufacturers and Traders (SMMT), the sale of new electric cars was a positive factor last year.

    In 2020, the number of new Battery Electric Vehicles (BEV) sold amounted to 108,205 whereas in 2019 the figure was 37,850 – an increase of 185.9%. The market share in 2020 was 6.6% whereas in 2019 the figure was 1.6%. .........read more »


  7. 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 »


  8. 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 »


  9. 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 »


  10. 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 »


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