Motor Trade Insurance
Menu

Posts Tagged 'Motor Traders'

  1. Sale Of Second Hand Cars Drops

    August 13, 2022 by mti

    Motor traders involved in the sale of used cars are likely to have noticed a drop in sales in the second quarter of 2022 in comparison to the same period last year. This is a worrying situation bearing in mind what is happening to the UK economy at the moment with inflation on the increase and being forecast to possibly reach as much as 13%. .........read more »


  2. Car Insurance Premiums Continue To Rise

    July 25, 2022 by mti

    Motor traders will be interested to read that the average cost of insuring a car in the UK rose in the 2nd quarter of 2022 when compered to the 1st quarter of 2022. The increase was a modest average rise of £4 per annum but nevertheless premiums are still heading in upward direction that, in the current economic climate, is something that could be done without. .........read more »


  3. Registration Of Number Of New Cars Drops In June

    July 11, 2022 by mti

    There continues to be disappointing news for the motor trade industry – in particular for motor traders. According to figures recently published by the Society of Motor Manufacturers and Traders (SMMT) the number of new car sales in June 2022 was the lowest performance for that month since way back in 1996. .........read more »


  4. Sale Of New Vans Continue To Fall

    June 13, 2022 by mti

    If you are involved in the sale of new vans then you may have found once again that the number of such vehicles registered by you on behalf of customers have fallen once again according to figures published by the Society of Motor Manufacturers and Traders (SMMT) for the month of May 2022 when compared to the same month last year. .........read more »


  5. April Sees Another Fall In New Car Sales

    May 26, 2022 by mti

    Motor traders involved in the sale of new cars here in the UK will be aware how difficult the market is at the moment. Figures published by the Society of Motor Manufacturers and Traders (SMMT) reveals April to have been a disappointing month for the registration of new cars.

    In April 2022 there were 119,167 new cars bought here in the UK with this being 15.8% lower than the same month last year when 141,583 of such vehicles were sold. We are sure that you will agree this is a significant reduction and one that the motor trade industry could well do without. .........read more »


  6. Used Car Prices Continue To Rise

    March 28, 2022 by mti

    Motor traders will find it interesting to read that the average price of a used car has continued to increase yet again according to the Auto Trader Retail Price Index during February 2022 that takes into account around 900,000 vehicles. The average price of a second hand car increased by 0.6% in the month of February 2022. That is the 23rd month in a row that such prices have gone up. .........read more »


  7. Drop In New Van Registrations In First Two Months Of This Year

    March 11, 2022 by mti

    If you are a motor trader involved in the sale of new vans here in the UK then you may find it of interest to read that the number of new vans sold in the first 2 months of 2022 have fallen quite considerably when compared with the same period in 2021.

    For instance, according to the Society of Motor Manufacturers and Traders (SMMT), the number of new vans registered in January and February of this year in the up to 3.5 tonnes category amounted to 33,731 whereas in the same period last year the figure was 41,234. That equates to a fall of 18.2%. However, it is worth noting that the number of new vans sold in the first 2 months of 2022 is in excess of the numbers sold before the pandemic. .........read more »


  8. New Car Registrations Rise In January

    February 20, 2022 by mti

    Motor traders will be pleased to read that the number of new cars sold in the UK in January 2022 increased significantly when compared to January 2021 according to figures published by the Society of Motor Manufacturers and Traders (SMMT).

    In January 2022, the number of new cars registered amounted to 115,087 whereas in January last year the figure was 90,249. That is a big increase of 27.5%. .........read more »


  9. 2021 Sees Rise In Used Car Sales

    February 8, 2022 by mti

    Motor traders will find it interesting to read that the number of used cars sold here in the UK in 2021 was greater than the number of cars sold in 2020. However, this probably does not come as a surprise considering the pandemic.

    According to the Society of Motor Manufacturers and Traders (SMMT), the number of second hand cars sold in 2021 amounted to 7.530,956 whereas in the previous year the figure was 6,752,959. That is an increase of 11.5% and will no doubt come as welcome news to those of you working within the motor trade industry. .........read more »


  10. New Van Sales Increase In 2021

    January 6, 2022 by mti

    Motor traders involved in the sale of new vans in the UK will be interested to read that the number of new vans registered in 2021 increased by 21.4% when compared with 2020.

    According to figures published by the Society of Motor Manufacturers and Traders (SMMT), in the twelve month period last year there were 355,380 new vans sold whereas for the same period in 2020 there were 292,657 new vans registered. It is also interesting that the number of new vans sold in 2021 in the UK was 2.8% lower than in 2019.  There will be some people who will feel that these figures are reasonable considering the length of time the pandemic has been running for. Let us hope that 2022 is a good year for the sale of new vans. .........read more »


Mailing List

To get the latest news and offers from MTI, enter your email below.

Subscribe to the Mailing List
FacebookTwitterGoogle PlusLinked In