Motor Trade News

The latest traders insurance news from the industry.

MOT Checker Launched by HPI

2017-11-24T15:03:54+00:00 November 24th, 2017|

MOT Checker Launched by HPI According to automotive data firm HPI, a new and free tool has just hit the market courtesy of their technologically savvy team, one that enables users to easily check their vehicle’s MOT backstory.  Aptly titled the MOT History Check, the checker provides a wealth of detailed information that comes directly [...]

How to source parts for your car repair project

2017-10-11T12:29:29+00:00 August 16th, 2017|

How to source parts for your car repair project If you’re into DIY maintenance and mechanics and you’ve bought an old model car as a project, you might fancy saving yourself some money by buying an engine for your ride from a reputable wreckers’ yard in your area. But how do you make sure that [...]

Car retailers drive used market harder

2017-08-07T12:06:45+00:00 August 7th, 2017|

Car Retailers drive used market harder Further strong evidence has emerged of the need for the motor industry to shift more focus onto used car sales and increase online customer experiences. According to new research, sales of used cars grew by 39% in July. This took them to a level substantially higher than for the [...]

The real cost of an electric future

2017-08-08T09:10:30+00:00 July 26th, 2017|

The real cost of an electric future According to a recently published report by the National Grid, power demand in the UK could see an incredible 18-gigawatt increase by 2050 – and it’s all down to electric cars. With sales expected to soar by a massive 90 percent over the next 33 years, the power [...]

Common car insurance traps to avoid

2017-07-23T09:31:31+00:00 July 23rd, 2017|

Common car insurance traps to avoid Motor insurance is a legal requirement, but one that can be expensive if you fall into one of the traps set by providers. Forewarned is forearmed - here are some of those traps to avoid. Loyalty pays? Contrary to popular belief, it’s not always best to stick with the [...]

FCA approves another Pay-As-You-Go insurer

2017-08-04T09:53:33+00:00 July 16th, 2017|

FCA approves another Pay-As-You-Go insurer The FCA (Financial Conduct Authority) has granted authorisation for new motor trader insurance intermediary By Miles [http://www.insurancetimes.co.uk/motor-insurance-startup-gets-fca-approval/1422047.article]. The start-up is one of several new businesses operating a Pay-As-You-Go model, allowing motorists to pay a tailored rate per mile on top of a flat monthly subscription charge. The personalised nature of [...]

No need to worry over the value of diesel vehicles

2017-08-12T10:57:24+00:00 July 16th, 2017|

No need to worry over the value of diesel vehicles According to the Vehicle Remarketing Association (VRA), recent fears over diesel vehicles dropping in value are unnecessary, and the industry ought to ‘remain calm’ regarding the issue.  Speaking on the matter, VRA chair Glenn Sturley said: “There is a lot of noise going on around [...]

Are you feeling the strain of Brexit?

2017-08-12T11:00:02+00:00 July 14th, 2017|

Are Motor Traders feeling the strain of Brexit? A recent report issued by MHA, an independent accountant organisation has highlighted fears amongst Motor Dealers in regards to the upcoming Brexit negotiations. Indeed, the report indicated that as many as 76% of motor traders are bracing themselves for either a decrease in profits, or expecting sales [...]

PCP get-out offers sales opportunity for dealers

2018-01-21T16:23:13+00:00 July 7th, 2017|

PCP get-out offers sales opportunity for dealers In an innovative move, Exchange and Mart has launched Payment Swap, a mechanism that offers a way out for car buyers who have PCP schemes secured on cars they no longer want or need. How will it work? Backed by Exchange and Mart's parent company Newsquest, Payment Swap [...]

UK pilot for Amazon’s online car dealership?

2018-01-21T16:23:57+00:00 July 7th, 2017|

UK pilot for Amazon’s online car dealership? Less than a year after launching its online car business in the US, technology giant Amazon could be planning a European pilot based in the UK. According to German automobile trade periodical Automobilwoche, Amazon will have Luxembourg as its European base, but is already recruiting staff in the [...]

Latest stats show dip in Motor Trade resurgence

2017-08-12T10:57:48+00:00 July 7th, 2017|

Latest stats show dip in Motor Trade resurgence There is now clear evidence that Brexit has left the UK motor industry in a difficult position with regard to long-term business planning and scheduling new product developments. Figures recently announced clearly show that there has been a substantial dip in the amount of money invested in [...]

BMW Have High Hopes for Hybrid and Diesel Production

2017-07-01T13:05:35+00:00 July 7th, 2017|

BMW Have High Hopes for Hybrid and Diesel Production Despite all the negative buzz surrounding diesel vehicles over the past few months, BMW may have shredded a ray of hope on the fuel type, stating that it sees diesel and hybrid fuel-type vehicles leading the brand into the future. Indeed, BMW believes diesel will play [...]

Value of Diesel Cars Continue to Plummet

2017-07-01T12:25:11+00:00 July 1st, 2017|

Value of Diesel Cars Continue to Plummet Recent reports from Cap hpi are stating that diesel car prices are plummeting at a serious rate. Indeed, the report indicated that prices for diesel vehicles are now declining far faster than petrol vehicles. Cap hpi reports that a three year old diesel vehicle averaging 60,000 miles have [...]

Motor Trade and GDPR

2017-06-29T19:04:10+00:00 June 29th, 2017|

Motor trade needs new data skills Thousands of UK companies involved in the motor trade have been urged to step up preparations for stringent new data protection laws. The £71 billion vehicle manufacturing and distribution sector needs to start investing in new systems, software and skills to be compliant with the EU General Data Protection [...]

70% of Firms Not Ready for GDRP

2017-08-04T09:50:36+00:00 June 28th, 2017|

An alarming 70% of business have not budgeted to account for the additional costs connected with a scheduled increase in General Data Protection Regulation Compliance according to a recent study. A study carried out by GDPR compliant job board and London law firm Hamlins LLP has indicated that a few hundred thousand businesses in Britain [...]

Toyota injects £240 Million into Derbyshire Plant, but Calls for Tariff-Free Trade within the EU

2017-08-04T09:48:22+00:00 March 28th, 2017|

Toyota injects £240 Million into Derbyshire Plant, but Calls for Tariff-Free Trade within the EU Toyota is set to invest £240 million into its Derbyshire plant, however in doing so, Toyota boss makes it clear that he wishes for a continued tariff-free trade within the EU single market. The investment is sure to rejuvenate the [...]

Ford – Paving the Way to a more Ethical Automotive Industry

2017-08-04T09:48:07+00:00 March 28th, 2017|

Ford – Paving the Way to a more Ethical Automotive Industry For the eighth year in a row, Ford has been named one of the words most ethical companies by the Ethisphere Institute, who commended the company on its commitment to environmental sustainability and eco-friendly production. Ford is seen to be making huge strides in [...]

Investment into the UK Car Industry Slows

2018-01-21T16:38:49+00:00 January 28th, 2017|

The head of the UK automotive trade body has reported that investment in the UK’s automotive industry fell last year, after it had received strong growth throughout 2014 and 2015. Furthermore, it appears as though there are also halted investment agreements, resultant of the UK Brexit decision. This is more than likely just a precautionary [...]

Governmental Strategy Outlines Plans to Boost the Development

2017-10-11T18:43:54+00:00 January 25th, 2017|

Governmental Strategy Outlines Plans to Boost the Development of the UK Automotive Industry The Government have just unveiled their 2017 industrial strategy report and in it, emerges key themes surrounding funding for the UK automotive industry. Indeed, the 2017 report details plans to develop and fund a new autonomous and connected vehicular test centre, which [...]

Volkswagen Fined £3.5bn Through Emissions Scandal

2018-01-21T16:39:03+00:00 January 18th, 2017|

The repercussions of the Volkswagens emissions scandal For those unaware, Volkswagen were involved in a huge emissions scandal in 2015. The EPA (environmental Protection Agency) found that Volkswagen’s turbocharged diesel engines were designed to pass NOx emissions tests only at the testing phase, whilst in reality producing up to 40x more NOx emissions than testing [...]

The Faraday FF91 – The Future is Now

2017-01-19T16:12:03+00:00 January 10th, 2017|

The Faraday FF91 – The Future is Now The CES 2017 Consumer Electronic Show has just wrapped up and left us with quite the treat in the form of the Faraday FF91. The automotive company Faraday unveiled their first car to be introduced into the marketplace, and boy did they make an impact. So how [...]

Car Production in the UK Accelerates – A 17 Year High!

2018-01-21T14:59:35+00:00 January 10th, 2017|

Car Production in the UK Accelerates – A 17 Year High! The most recent manufacture statistics report that car production in the UK has hit a 17-year high, with 1.6 million cars being manufactured in the UK in 2016. Indeed, the SMMT (Society of Motor Manufacturers) revealed that in November alone, there was a 12% [...]

Do Convictions Affect My Motor Trade Insurance

2018-01-21T16:45:43+00:00 December 23rd, 2016|

Do Convictions Affect My Motor Trade Insurance We’ve all done things we’re not proud of, whether that’s in our reckless youth or in a more recent moment of madness, and perhaps got some sort of criminal conviction as a result of it. The important thing is that you’ve learned from your mistakes, and you’ve moved [...]

MOTORISTS search online for deals on Vehicle Upkeep

2017-03-22T09:07:00+00:00 November 21st, 2016|

MOTORISTS search online for deals on Vehicle Upkeep MOTORISTS find better prices on car upkeep as more and more car owners use the web to find reputable motor traders offering cheap rates or deals on their servicing and repairs. Research carried out by mycarneedsa.com, a price comparison site where local garages can quote to carry [...]

An Increase in Motor Insurance Fraud Is Driving Everyone’s Premiums up – Make Sure You Are Protected!

2017-03-22T12:20:04+00:00 October 27th, 2016|

An Increase in Motor Insurance Fraud Is Driving Everyone’s Premiums up Insurance is a necessity. It may not be the most pleasant thing that you do with your day, but nonetheless, it is essential in making sure you are covered if anything unsuspecting were to happen to your vehicle, either while you drive it, or [...]

Tesla – an Ever Evolving Machine?

2017-03-22T09:07:00+00:00 September 30th, 2016|

Tesla – an Ever Evolving Machine? It seems strange to talk of cars and operating system updates in the same breath. Cars have always been considered technological, and with every year that passes, gadgets, new sound systems, new types of interior, fuel alternatives and much more become increasingly prominent in the everyday car. But to [...]

Are we Headed Towards a More Volatile Market in Q4?

2017-08-04T09:28:49+00:00 September 30th, 2016|

Are we Headed Towards a More Volatile Market in Q4? Cap hpi have stated that as the year progresses towards its ending months, the motor trade market may experience some turbulence in the form of fluctuating prices and stock availability. Indeed, James Dower, Senior Black Book editor at cap hpi said; “We do predict that [...]

UK Used Car Market Continues to Soar

2017-03-22T09:07:00+00:00 August 29th, 2016|

UK Used Car Market Continues to Soar The used car market in the UK continues to grow evermore during the first period of 2016 despite all prior fears that the UK car market may see a sharp decline after the Brexit decision. Luckily, in spite of all the negative speculation surrounding the UK automobile market, [...]

Lookers set to Buy Drayton Group

2018-03-09T09:38:35+00:00 August 18th, 2016|

Lookers set to Buy Drayton Group With the completion of Lookers selling their parts business to the tune of £120 million, they are straight into talks with Drayton Group to purchase their West Midlands based Mercedes Benz arm at a suggested £55.4 million. It is thought that for the half a billion sum, Lookers will [...]

LG and Volkswagen Unite To Create Innovation In Automotive Electronic Control and Connection

2018-01-21T16:48:31+00:00 August 1st, 2016|

LG and Volkswagen Unite To Create Innovation In Automotive Electronic Control LG and Volkswagen have just signed a deal which will see them enter into a new venture. This venture could potentially bring a wave of innovation to the car market in regards to automobile electronic integration. The systems in development will use cloud technology [...]

New Methods of Theft Target Luxury Vehicles

2017-08-04T09:27:37+00:00 July 12th, 2016|

New Methods of Theft Target Luxury Vehicles Gone are the days of thieves’ lock-picking a car door and hot-wiring it in order to steal your vehicle. The Guardian has recently reported an increase in newer methods that involve a lot more technology in order to bi-pass newer cars security systems. The met police have disclosed [...]

Brexit – The fall of car sales?

2017-08-04T09:25:05+00:00 June 29th, 2016|

Brexit – The fall of car sales? There is a predicted decline in sales according to reports from KPMG. They predict that 2017 will lead to a decrease in overall car sales and this is feared to be true in light of the recent EU referendum, which saw the UK leave the EU. The UK’s [...]

Cutting corners on your policy could cost you your business!

2017-06-11T13:50:27+00:00 June 15th, 2016|

Cutting corners on your policy could cost you your business! We understand that businesses choose to pursue the cheapest ventures in order to generate as much profit as possible. It is the simple concept of how to maximise business revenue and generate as much profit as possible. However here at Motor Trader Insurance Compare we [...]

The Insurance Act 2015 – It’s a Big Deal

2017-03-22T09:07:00+00:00 June 14th, 2016|

The Insurance Act 2015 – It’s a Big Deal Coming into play on the 12th August 2016, the 2015 Insurance Act will provide one of the biggest overhauls in the insurance industry in the last century. The act was designed to “re-engineer the foundations on which policies are built”. And will take large strides to [...]

Motor Trade insurance too difficult to understand? Let’s deconstruct the myths surrounding Motor Insurance

2017-10-11T18:44:25+00:00 June 14th, 2016|

Motor Trade insurance too difficult to understand? A recently published study found out that the majority of brits actually don’t quite understand how motor insurance is calculated and find the whole process too difficult to understand. The Co-op insurance polled 2,000 motorists and the results are surprisingly interesting: Over half of the people polled reported [...]