Motor trade industry sees increase in sales

With the recession having a massive impact on car sales, it’s been good news to see that the Motor trade industry is seeing an increase in cars being purchased and also new car registration on the increase.

SMMT’s Industry figures have shown that 195,226 new cards were registered in June 2010, which is a lot higher than the predicted amount that was set by Motor Manufacturers and Traders. SMMT Chief Executive commented  that the figures came as a surprise as the government  scrappage scheme was due to end, but the increase in car sales is a promising thing for the UK industry.

There has been a dramatic increase in fleet sales that has helped to boost registrations taking January to June 2010 new car figures have increased by 19.9% to 1,208,662.

Recently there have been many redundancies and the possibility of Car Manufactures leaving the UK due to the lack of demand for vehicles and also it is most cost effective to move their operating sites abroad.  But hopefully this has realised alarms that the UK need the car industry to stay put as many thousands of jobs would be lost and this could put the UK into a great recession.

With the increase in new cars being registered and the end of the scrappage scheme this has also been a big advantage for small Motor traders looking to sell lower value vehicles as they have been able to buy great cars at discount prices from auctions due to manufactures taking older cars in for Part Exchange.

With so many people looking to sell cars from their home as a part time job you need to make sure you are getting the right Motor trade insurance cover at a competitive price, and with Isis insurance being a market leader for HGV insurance, we can also guarantee competitive prices on Motor trade insurance also.

This entry was posted on Friday, August 13th, 2010 at 8:36 am and is filed under Motor Trade. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.