Car Dealers concerned as new car production falls

Despite the introduction of the vehicle scrappage scheme new car production has fallen by 43% in May 2009. The first five month of the year have seen new car production fall by 54%, the figures for commercial vehicles see an even sharper decline of 65% for the year.

However the scrappage scheme was not implemented until mid-may, the figures for June should provide a more accurate picture of the market. Due to the changeable conditions in the new car market, the production ouput of firms is heavily influenced by sales on Car Dealer forecourts.

The Motor Trade and in particular the commercial sector is experiencing the worst downturn for many years. However to assist Car dealers and Motor traders, iQuote Insurance are offering a saving of 40% off your Traders Insurance.

Visit the iQuote Motor Trade website for a motor trade quote to get your ‘credit crunch’ saving on a traders policy.

Truck zone should remain after 2012 olympics

Following the creation of a truck holding area to support the 2012 olympics, the Road Haulage Association has requested that subsequent to the game the truck stop should be retained as a permanent fixture.

The site of the holding are is situated near the M11 motorway in Essex. Drivers book their HGV’s in and provide details about their load, the vehicles then wait temporarily in a holding zone, then the vehicles continue to the Olympic park in Stratford.

The RHA is very keen that the site remains a lorry park, particularly with the strategic importance of the location, which is near Tilbury port and Central London.

For a better deal on your HGV insurance, visit the iQuote Insurance website - Getting you the right HGV insurance policy at the right price!

Used Vehicle values rise for 7th Month

The average prices of used vehicles continues rise, based on reported figures at UK vehicle auctions. The figures continue to rise despite the introduction of the government backed vehicle scrappage scheme for new cars.

Average values rose by over 2% in May, this was a 5.7% increase on the same period for 2008. Motor Traders welcomed the news and reflect the demand for used vehicles within the current ecomonmic climate.

The figures are particularly welcome news for the trade, as this is traditionally the quietest time of year for car sales. This suggests that the prices are resilient and the used car sector will continue to provide strong demand, both in car dealerships and auctions.

If your a Motor Trader and would like to save money on your Traders Insurance, get a Motor Trade Quote with iQuote Insurance to save up to 40% off your premium.