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Posts Tagged 'SMMT'

  1. 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 »


  2. 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 »


  3. May Sees Increase In New Car Sales

    June 6, 2021 by mti

    In May last year the UK was in the throes of the pandemic with many retail outlets closed. As a result, the number of new cars bought in that month was very low so it is not surprising to read that May 2021 has seen a significant increase in the number of new cars being registered.

    According to figures produced by the Society of Motor Manufacturers and Traders (SMMT), in May 2020 the number of new cars sold amounted to 20,247 whereas in May 2021 the figure was 156,737. That is an increase of 136,490 with that equating to a huge rise of 674.1%. .........read more »


  4. Used Car Sales Fall In Q1 2021

    May 18, 2021 by mti

    Motor traders will be disappointed to read that the number of second hand car sales in the UK dropped in the first quarter of 2021 in comparison to the same period in 2020 according to data published by the Society of Motor Manufacturers and Traders (SMMT).

    In the first quarter of 2021, the number of used cars sold here in the UK amounted to 1,687,755 whereas in the first quarter of 2020 the figure was 1,851,919. That is a reduction of 164,164 with this equating to a drop of 8.9%. We are sure that our readers will agree that is a significant fall. .........read more »


  5. 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 »


  6. February Sees Fall In UK Car & Commercial Vehicle Production

    April 2, 2021 by mti

    Regrettably, there was more bad news for the motor trade industry with the announcement that both car production and commercial vehicle production in the UK dropped in February 2021 according to figures published by the Society of Motor Manufacturers and Traders (SMMT).

    In February 2021, the number of new cars built in the UK amounted to 105,008 compared to 122,171 in February 2020. That is a large drop of 17,163 that equates to a fall of 14.0%. The number of new cars manufactured for the home market in February this year totalled 17,689 whereas in February last year the figure was 27,169. That is a drop of 9,480 that equates to a reduction of 34.9%. The number of new cars built for the export market in February 2021 amounted to 87,319 whereas in February 2020 the figure was 95,002. That is a fall of 7,683 that equates to a drop of 8.1%. In February 2021, the overseas market accounted for 83.2% of new cars built whereas in February 2020 the figure was 77,8%. .........read more »


  7. Drop In Engine Production And New Car Registrations

    March 19, 2021 by mti

    Engine Production

    Those operating in the motor trade industry will be disappointed to read that the number of vehicle engines built in the UK in January 2021 fell when compared with the same month last year. This was the 13th month in a row that this sector of the motor trade industry has dropped according to the Society of Motor Manufacturers and Traders (SMMT). .........read more »


  8. New Business Consumer Car Finance Volumes Drop In 2020

    March 2, 2021 by mti

    Figures published by the Finance and Leasing Association (FLA) reveal that the volume of new business consumer car finance amongst its members in the UK fell in 2020 when compared with the previous year. There was a reduction of 21% – a considerable drop.

    This will probably not come as a surprise to motor traders as many will have seen a significant drop in the sale of both new and used cars in 2020 as a result of the pandemic. .........read more »


  9. Big Drop In Sale Of Used Cars In 2020

    February 17, 2021 by mti

    Last year was a big disappointment for many motor traders in the UK involved in the selling of second hand cars due to a significant fall in the number of such vehicles being sold in comparison to 2019. Presumably, the coronavirus pandemic was a contributing factor in the reduction in sales.

    According to figures published by the Society of Motor Manufacturers and Traders (SMMT), the number of used cars sold here in the UK in 2020 amounted to 6,752,959 whereas there were 7,935,105 second hand cars sold in the previous year. That is a fall of 1,182,146 with this equating to a drop of 14.9%. We are sure that you will agree this is a huge difference and may well have led to a number of used car sales businesses ceasing to trade. It will be interesting to see if, when we do eventually come out of this pandemic, some of those businesses are able to start back up again. .........read more »


  10. Huge Reduction In New Car Registrations In 2020

    February 4, 2021 by mti

    It should not come as a surprise to motor traders or many others working in the motor trade industry to read that there has been a significant drop in the number of new cars registered here in the UK in 2020. A major factor for this happening is no doubt due to COVID-19 that has had such an impact on so many things throughout the world. .........read more »


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