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Posts Tagged 'Motor Traders'

  1. 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 »


  2. 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 »


  3. Number Of New Cars Registered In August Falls In UK

    September 20, 2019 by Logan Biggs

    Motor traders will be disappointed, if not surprised, to read that the number of new cars registered here in the UK in August 2019 has fallen when compared with the same month last year according to statistics published by the Society of Motor Manufacturers and Traders (SMMT).

    In August 2019, the number of new cars registered amounted to 92,573 whereas in the same month last year there were 94,094 new cars registered. That is a fall of 1,521 with this equating to a drop of 1.6%. .........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. Over Half Of Car Buyers Concerned About Purchasing An Unreliable Car

    September 5, 2019 by Logan Biggs

    Motor traders may find a Consumer Insight Panel survey produced by motors.co.uk on the 30th August 2019 of interest and may also find it of benefit in the running of their motor trade business whether it is involved in the buying and selling of used and/or new cars. Apparently, over 1,000 buyers of cars took part in the survey. .........read more »


  6. 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 »


  7. 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 »


  8. 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 »


  9. June Sees Rise In Sale Of New Vans

    July 20, 2019 by Logan Biggs

    Over the last six months, you will be interested to read that there has been a rise in the sale of new vans here in the UK. So, this information will no doubt come as welcome news in particular to motor traders involved in the buying and selling of new vans.

    According to the Society of Motor Manufacturers and Traders (SMMT), the number of light commercial vehicles registered in the UK in June 2019 went up by 13.5% when compared with June 2018. We are sure that you will agree this is a big increase and let us hope that this trend continues in the coming months. .........read more »


  10. 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 »


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