Tag Archives: Motor Trade

Headache for Motor Traders but also a great opportunity..

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With manufacturers such as Toyota having to recall the latest model of their Prius because of anti lock braking faults, Motor Traders are likely to have some very unhappy clients on their hands. Of course that’s not the only recall that Toyota are having to make, the accelerator pedals on some of their latest models are sticking, meaning yet another headache for motor traders. As both of these faults are being well publicised, the uk customer is going to become even more irate than normal.

For the motor trader this is going to be a problem but can also be looked at as an opportunity. Because these problems are major issues, the motor trade has a chance to show how good its service is to its customers; as its not directly the motor traders fault. Giving a good service to its customers throughout this time could prove benefitial to the motor trader.

Motor Traders predict recession will last

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After research carried out recently, it has been revealed that many motor traders believe that the recession will last a longer that it was originally thought.

We have been hearing that the recession is coming to a close and that the motor trade business will begin to pick up again at the start of next year but it appears that may not be the case. Some companies are planning on making job cuts and reducing their payroll over the coming months to tackle the recession so from this it doesn’t seem like things are improving any time soon. There have been reports of job cuts within the motor industry but for it to continue means that perhaps the country isn’t full out of this recession yet.

Motor traders, visit broadsure direct for motor trade insurance here.

Credit Crunch affects Motor Trade jobs

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The Motor Trade industry has been affected a lot in the last year with literally thousands of jobs being cut.

Around the same time as the ‘recession’ and ‘credit crunch’, many motor trade employers and motor trade companies have been going bust or into administration. This has meant that employees of these motor trade companies have lost their jobs. Of course some of the employers have had to make cut backs in their staff which has meant they have lost their jobs but one thing is clear, the motor trade industry has most definitely been affected by the recession and resulting in a rise in unemployment. Hopefully with the recession on its last legs and almost over, these motor trade companies can either build back up or will improve their sales enough to start increasing motor trade jobs.

Broadsure Direct offer motor trade insurance so if you want a motor trade quote, visit our website for more information.

General Motor’s Owner Resigns

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The boss of General Motor’s is set to resign when the company has recruited his replacement. According to the motor company, they had already started searching for a new boss for Opel/Vauxhall but now they are on the hunt for a new GM boss too.

We have been covering what’s been happening with a proposed buy out of the company with the Canadian company Magna International and when it fell through, we weren’t expecting the boss of the motor company to step down. Until his replacement is found, Carl-Peter Foster will resume his normal duties.

For motor trade insurance, you can visit broadsure direct at our motor trade insurance page.

General Motors Keep Hold of Vauxhall

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After much deliberation of a take over. Opel/Vauxhall are staying up with GM (General Motors). It comes as quite a shock to the motor trade industry as it was almost certain that they would be moving to Magna International based in Canada.

The reason that the take over has fallen through could be from the 4.5 Billion Euro loan they received from the German government.  According to GM, the European market has improved and so has their own financial stability (this could be from the huge loan!). It proves that its possible to revive a fallen motor company, especially in the current climate. For Vauxhall/Opel, its onwards and upwards, working on what they do best and improving their vast range of vehicles.

Broadsure Direct offer motor trade insurance, if you would like a quote you contact Broadsure Direct on 0845 658 6587 or go to their website and fill out a motor trade form and receive a call back.

Used car sales dropping rapidly

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Motor car sales are beginning to drop fast in a short space of time according to latest research on the internet.

Car values at auctions are falling and internet prices are falling too. Whether the recession is still hitting the country and affecting car prices, its not easy to tell but all of a sudden prices have dropped and there must be a reason. It has literally been over the last month that companies have started to find prices have dropped in the motor trade. In the motor trade industry, companies and individuals are apparently nervous about the prices they are going to pay for vehicles. We shall keep you updated or any other trends in the motor trade or car industry.

For motor trade insurance, you can contact Broadsure Direct for a quote. Visit their website here or call 0845 658 6587.

Motor Trade Show – 12th November 2009

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Car Manufacturers are looking to snap up various motor trade dealers in the UK for the Motor Trade Exhibition taking place in Camberley, Surrey on the 12th November.

Theres going to be some big names attending including Alfa Romeo, Subaru, Renault, Mazda and many more. The exhibition is free and is aimed for companies wishing to expand or take on a new franchise. It gives companies a chance to check out the latest technology and see what the car manufacturers have to offer.

It is being held at the Frimley Hall Hotel, for more information click here.

Broadsure Direct offer Motor Trade insurance. To find out more about our policies, or to find out how to receive a quote. Click here.

Mitsubishi’s scrappage scheme proves successful

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Mitsubishi have decided to extend beyond the government’s scrappage scheme by saying that customers can trade in cars from 5-10 years old. The scheme has meant that sales are up and now 21% of sales are from the scrappage scheme.

mitsubishi scrappage scheme

To help back these change of scrappage scheme, Mitsubishi have set aside £100m to account for this process. If you have recently got a Mitsubishi and need insurance, then visit Broadsure Direct Insurance Specialists for your first stop in motor insurance.