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Posts Tagged 'Motor Traders'

  1. 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 »


  2. 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 »


  3. 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 »


  4. 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 »


  5. January Fall In Car Production In The UK

    March 4, 2020 by Logan Biggs

    The motor trade industry must be used to hearing disappointing news so it will probably not come as a surprise to read that car production in the UK saw a drop in January 2020 according to figures published by the Society of Motor Manufacturers and Traders (SMMT). This will also cause some concern amongst motor traders involved in the sale of new cars. .........read more »


  6. Government Plans To Ban Sale Of New Petrol And Diesel Cars By 2035

    February 5, 2020 by Logan Biggs

    If you are in the motor trade industry and in particular involved in the sale of new cars as a motor trader then you will no doubt find the Government’s recent announcement that it plans to bring forward banning the sale of new diesel and petrol cars from 2040 to 2035 plus it also wishes to include the sale of new hybrid cars in the proposed ban from the same date of great interest. .........read more »


  7. 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 »


  8. 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 »


  9. August Sees Drop in New Consumer Car Finance Deals

    October 30, 2019 by Logan Biggs

    Motor traders will probably be interested to read that, according to the Finance and Leasing Association (FLA), there was a drop in the number of new point of sale consumer car finance deals in August 2019 when compared with the same month last year.

    In August 2019, there were 49,762 new cars purchased by consumers using such finance. This was a fall of 2% in comparison to August 2018. In the 3 months to August 2019 the figure was 198,734 with this being a 2% fall when compared with the same period last year. In the year to August 2019, some 940,281 new cars were bought using such finance with this being a fall of 5% – a significant percentage. .........read more »


  10. Cost Of Car Insurance Drops

    October 21, 2019 by Logan Biggs

    Motor traders and others running motor trade businesses may be interested to read that the average cost of insuring a car fell in the third quarter of 2019 when compared with the same period last year. You will no doubt have insurance covering driving customers’ vehicles plus you may also have cover for vehicles owned by your business so any change in the cost of car insurance may have an impact on how much your existing insurer will charge you at renewal. .........read more »


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