15 November 2021
Covid-19: The silver lining for the second-hand car trader

Covid-19: The silver lining for the second-hand car trader

Peacock Insurance is open and its business as usual.

Covid-19: The silver lining for the second-hand car trader.

Its boom time for motorists and the used car market, July saw the new car market take a dip but used car sales grew 108.6% in the second quarter of 2021 according to the latest figures from the Society of Motor Manufacturers and Traders.

More than 2 million vehicles changed hands, up 6.6% on 2019 pre-pandemic levels, the best Q2 performance and almost the best quarter ever for the used car market.

This has seen an increase in both new traders riding the crest of the wave and previously experienced traders re-entering the market after a difficult 18 month period.

In addition to this new A-rated insurers have entered the market to both diversify and add a competitive angle to a previously hard market.

Peacock have you covered for every eventuality…………………

Unfortunately, during the height of the pandemic it seemed that there were a number of insurance brokers that simply didn’t have the fluidity to deal with the challenges that arose from the impact of COVID-19.

Many Brokers took steps to either reduce staff numbers with some even being forced to close.

Fortunately, Peacock Insurance were able to react quickly and decisively to this evolving situation.

Peacock remained fully operational throughout the pandemic using virtual office technology and continue to operate a hybrid model of both home and office working. Peacock Insurance would like you to feel assured that we are as we have been for over 15 years – fully committed to the motor trade community.

Motor Trade doesn’t have to cost the earth, whether you’re a Mechanic or Valeter, Sole Trader or Limited company, need a part or full time Policy, we can help find the right policy for you.

We have access to 95% of the UK market, all of which are A rated insurers operating within the industry, Peacock Insurance Services is an elite broker in the market who can help you with your insurance needs.

Our friendly, experienced Motor Trade Team are ready and prepared to assist all our clients as we continue to return to normal post pandemic. Our business continuity plan remains active so you are safe in the knowledge that whatever the circumstances are over the coming months we will be here to support you regardless.

Call us today on 02476 437647 or visit Motor Trade Insurance so one of our trusted experienced advisors can help you secure the right cover for your business.

The information contained in this article is accurate and compliant at the date of publishing on 05/11/2021