Motor Trade Insider

UK new car registrations up 14.8% in April

MTI — Tue, 07 May 2013 11:42:05 +0000

April 2013 new car registration figures: New car registrations were up 14.8% in April according to the latest figures released today by the SMMT. 163,357 cars were registered in the month, with the market 14.8% or 21,035 units up on April 2012 (which was up 3.3% (or 5,576 units) on April 2011)....

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Buoyant new car market presents challanges for dealers

In51der — Tue, 07 May 2013 11:30:14 +0000

Trade buyers are now actively seeking older, higher mileage, small, economical cars to stock their forecourts, as buyers continue to look for bargains. There are now 2 district variety of customers, those who 'rent' their cars like our American cousins through PCP’s or other leases and those who...

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Anxiety builds in the motoring industry, ahead of planned DVLA local office closures

MTI — Thu, 25 Apr 2013 10:51:43 +0000

Motor industry being left in the dark as local DVLA office closures loom Most individuals and business owners that work in the motor trade will have been watching out for updates on the imminent DVLA Regional and Local Office closures with baited breath. Since the official announcement was made...

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Car market weathervane

In51der — Wed, 17 Apr 2013 09:48:50 +0000

The recent truncated spell of winter weather has played havoc with traditional buying patterns. Just when the sun pops out from behind the clouds one step outside tells us it still cold and biting so buying a summery drop top is still not on the horizon. Whilst normally the queue for buyers of 4wd...

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UK new car registrations up 5.9% in March

MTI — Mon, 08 Apr 2013 08:09:08 +0000

March 2013 new car registration figures: New car registrations were up 5.9% in plate-change March according to the latest figures released today by the SMMT. 394,806 cars were registered in the month, with the market 5.9% or 21,971 units up on March 2012 (which was up 1.8% (or 6,374 units) on March...

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PCP’s more popular than ever for credit hungry Brits

In51der — Wed, 03 Apr 2013 06:33:47 +0000

Funding cars by PCP (Personal contract purchase) is rapidly becoming the norm, it is reckoned that as many as 60% of car buyers use a PCP to buy their next car and this figure is only going in one direction. Although many of us do not necessarily like the thought of another monthly commitment it...

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March Madness!

In51der — Tue, 19 Mar 2013 07:28:12 +0000

With March well and truly underway many dealers are caught in the crossfire of the car maker’s market share war! Some of our people are telling us that the targets are not only unrealistic but causing forced registrations as the manufacturers continue to incentivise dealers to pre-register new cars...

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DVLA and unlucky 13

In51der — Thu, 14 Mar 2013 11:07:58 +0000

There is likely to be a short term rise in the amount of personal plates being acquired as buyers keen to avoid an unlucky 13 plate, but still wanting a new car, turn to private registrations to avoid the perceived bad luck. This sort of behavior, fear of the number 13, even has its own [...] The...

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New car registrations up 7.9% in February

MTI — Thu, 07 Mar 2013 14:37:57 +0000

February 2013 new car registration figures: New car registrations were up 7.9% in February according to the latest figures released today by the SMMT. 66,749 cars were registered in the month, with the market 7.9% or 4,881 units up on February 2012 (which was up 2.5% (or 1,556 units) on February...

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Used car sales suffer as manufacturers go for broke

MTI — Sat, 02 Mar 2013 09:39:37 +0000

As March is now upon us it appears that the car makers scrap for market share is hotting up. Some of our dealers are reporting a 50% increase in new car orders year on year and indeed many have already achieved their March objective and it's only the 1st of the month! Whilst this means [...] The...

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