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Coronavirus (COVID-19) Update – 30/01/2021News Update: Unicom's offices closed on Saturdays Get a quote

Motor Trade Insurance News

New Car Sales Figures Spring 2021 Up!

The impact of this unprecedented global coronavirus pandemic continues to distort planning, predictions, and expectations in the motor trade just as it has done in many other industries. UK showrooms were essentially closed until May 2021, while lockdown, homeworking and furlough arrangements have left many motorists with more disposable income than anticipated.

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UK Electric Vehicle Uptake by Region

The UK has seen a rise in the use of battery electric vehicles (BEVs) in the last decade. By the end of 2020 there were an additional 30,000 vehicles sold, which is a 53% increase compared to the previous year. Two locations, London and South East had a third of the total number of electric cars within the UK based on data from RAC analysis government data.

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Motor Trade Industry Should Prepare for High Consumer Demand

Recent study results have revelled the motor trade industry should brace itself for a period of high customer demand post lockdown now business and consumers start to see light at the end of the tunnel. One of the leading industry service suppliers reported an upsurge in new enquiries for motor trade dealers and service centres after previous lockdown periods.

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