Motor Trade Insurance
Menu

Posts Tagged 'New Car Sales'

  1. 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 »


  2. Number Of Used Cars Bought With Point Of Sale Finance Increases

    April 14, 2019 by Logan Biggs

    Motor traders will be interested to read that, according to data produced by the Finance and Leasing Association, the number of used cars here in the UK purchased by consumers with the assistance of finance arranged at the dealership has gone up in the 12 months to February 2019.

    In the 12 months to February 2019, the number of used cars bought using point of sale finance rose to 1,464,817. This is a rise of 5% which we are sure you will agree is a significant increase.  The value of these advances came to £17,762 million. This was a rise of 11% – a sizeable rise. .........read more »


  3. Slight Increase In Sale Of New Cars In February

    March 8, 2019 by Logan Biggs

    Motor traders will be pleased to hear some good news for once following the announcement that there has been a small rise in the number of new cars sold here in the UK in February 2019. According to data published by the Society of Motor Manufacturers and Traders (SMMT), the number of new cars sold rose by 1.4%. .........read more »


  4. New Car Sales Drop In January

    February 6, 2019 by Logan Biggs

    Yet again some disappointing news for those of you in the motor trade industry – in particular those involved in the selling of new cars here in the UK. According to data produced by the Society of Motor Manufacturers and Traders (SMMT), there has been a fall in the number of new cars sold in the UK. .........read more »


  5. Significant Drop In New Car Sales In 2018

    January 7, 2019 by Logan Biggs

    Unfortunately, 2018 was not a good year for the sale of new cars here in the UK when comparing the figures with the previous year. The Society of Motor Manufacturers and Traders (SMMT) has recently produced the figures and they make for disappointing reading.

    In 2018, there were 2,367,147 new cars sold here in the UK yet in 2017 there were 2,540,617. That is a drop of 173,470 with this equating to an average reduction of 14,455 per month. In percentage terms, this is a fall of 6.8%. We are sure that you will agree these figures are concerning in particular if you are a motor trader involved in the sale of new cars but it will also concern many businesses operating within the motor trade industry. .........read more »


  6. October Sees Drop In New Car Sales

    November 9, 2018 by Logan Biggs

    Those of you running a business in the motor trade industry and in particular motor traders will be disappointed to read that there has been a drop in the number of new car sales in October 2018 in the UK when compared with the same month last year. That is based upon statistics published by the Society of Motor Manufacturers and Traders (SMMT).

    In October 2018, there were 153,599 new cars sold yet in the same month last year there were 158,192 – a drop of 2.9%. There were 49,061 new diesel cars sold in October of this year yet in the same month in 2017 there were 62,366 – a large fall of 21.3%. The number of petrol cars sold last month totalled 93,941 with this being a 7.1% rise on October 2017 when there were 87,720 sold. The number of AFVs sold in October this year was 10,597 compared to 8,106 in the same month last year – a significant increase of 30.7%.

    On a year to date basis to October 2018, there were 2,064,419 new cars registered with this being a fall of 7.2% in comparison to the same period last year when 2,224,603 new cars were sold. New diesel car sales on a year to date basis to October 2018 were 656,273 with this being a fall of 30.7% when compared with the same period last year when there were 946,571 new diesel cars sold. New petrol car sales in the year to date to October this year amounted to 1,286,540 with this being an increase of 9.2% when compared with the same period to last year when there were 1,178,169 new petrol cars sold. New AFV car sales in the year to date to October 2018 were 121,606 compered to 99,863 in the same period to October 2017 – a big increase amounting to 21.8%. The market share for new diesel cars fell from 42.6% (year to date to October 2017) to 31.8% (year to date to October 2018), the market share for new petrol cars rose from 53% to 62.3% for the same periods and the market share for new AFVs rose from 4.5% to 5.9% for the same periods.

    The top 5 selling new cars in October 2018 were: –

    1. Ford Fiesta 5,564
    2. Volkswagen Golf 3,765
    3. Mercedes-Benz A-Class 3,339
    4. Volkswagen Tiguan 3,297
    5. Ford Focus 3,283

    The top 5 selling new cars on a year to date basis to October 2018 were: –

    1. Ford Fiesta 84,980

    2. Volkswagen Golf 55,927 .........read more »


  7. New Car and Van Sales Fall In November

    December 5, 2017 by Logan Biggs

    Unfortunately, there has been another fall in the number of both new cars and vans sold last month according to statistics produced by the Society of Motor Manufacturers and Traders (SMMT). Those of you operating in some way within the motor trade industry, in particular motor traders, will be disappointed and concerned at this news but, regrettably, for some of you, it will not come as a surprise.

    The figures for the new car sales market in November were depressing with 163,541 new cars sold compared to 184,101 for the same month last year. That is a reduction of 11.2% – a significant drop. On a year to date basis to November 2017 the number of new cars sold amounted to 2,388,144 whereas in the same period to November 2016 the figure was 2,514, 764 – a fall of 5%.

    There was a big fall in the number of new diesel cars sold in both periods – a 30.6% fall when comparing November 2017 with the same month last year and a drop of 16.1% when comparing the year to date figures to November 2017 with the same period in 2016. The sale of petrol fuelled cars rose by 5% and 3.1% when comparing the same periods. However, on a very positive note, it was good to see the sale of Alternatively Fuelled Vehicles (AFVs) rise by 33.1% and 34.6% when comparing the same periods.

    The best selling new cars in November 2017 were: –

    1. Ford Fiesta 6,434
    2. Volkswagen Golf 5,831
    3. MINI 4,335
    4. Ford Focus 4,250
    5. Nissan Qashqai 3,562

    The new van sale market had yet another poor month in November 2017 with the number of new vans up to 3.5 tonnes sold totaling 26,486. In the same month last year the figure was 29,784 so there has been a drop of 11.1%. On a year to date basis to November 2017 the number of new vans sold up to 3.5 tonnes was 334,133 yet for the same month in 2016 the figure was 348,448 – a fall of 4.1%.

    The best selling new vans in November 2017 were: –

    1. Ford Transit Custom 3,501
    2. Mercedes-Benz Sprinter 2,142
    3. Ford Transit 2,018
    4. Volkswagen Transporter 1,825
    5. Ford Transit Connect 1,733

    Motor traders will hope that we witness a turnaround in the number of new cars and vans being sold here in the UK in the coming months. After all, a reduction in sales affects so many areas of the motor trade industry such as the buying and selling of used vehicles, mechanics, spare parts and vehicle body repair businesses.


Mailing List

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

Subscribe to the Mailing List
FacebookTwitterGoogle PlusLinked In