Dealer numbers plummet
An average of one trader a day exited the industry last month, according to new figures.
Posted on 02 December, 2022
The number of dealers on the Motor Vehicle Traders Register (MVTR) fell by 30 during November, with the total at the end of the month standing at 2,955.
It marks the fifth consecutive month of drops for the register after it totalled 3,020 dealers at the end of June this year.
The latest figure is also 91 lower than the 3,046 registered traders at the end of November last year.
Dealer numbers have largely been in decline since hitting a high of 3,536 in November 2017.
The MVTR holds essential information about registered traders and their businesses. It is operated by Trading Standards, which falls under the remit of the Ministry of Business, Innovation and Employment.
