Motor Trade backlog of 100,000 cars

Over 100,000 cars are ‘mothballed’ at one single dockyard due to lack of demand. As new car sales have fallen through the floor the motor trade has been forced to stockpile vehicles and cease production on a temporary basis.

The dockyard in Bristol is estimated to have £1billion of stock awaiting demand. This is a scene which is echoed throughout Europe. A lack of demand from car dealers has left all the Motor Trade in crisis. However a welcome rest bite at this time of need is cheap Motor Trade Insurance from iQuote Insurance. In a move designed to assist hard pressed traders if you get a better motor trade quote elsewhere, they will beat your quote.

In the stockpile of vehicles are unsold Toyotas, Hondas, Vauxhalls and Mitsubishis imported from overseas. However the vehicles are stockpiled for anything up to four months before there is enough demand to shift the backlog of motors. Managers said that stock is at the highest level for many years.