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Anything and everything that has to do with cars is included in the definition of the car industry. It means all the wholesalers and retailers of motor spare parts, for example. This also includes all parts makers such as manufacturers, speciality car restorers, re-builders and refurbishes. Even car repair service shops also belong to this industry group.

This is a unique and tight-knit group composed of all car lovers, not necessarily just car owners. This industry is a significant part of any nation’s economy as it keeps people mobile and lets them get the best from a major investment, their car.

In particular, the motor trade refers to a relatively small but inherently significant sector of the classic British car industry, small and independently-owned businesses with usually less than ten employees. Their existence came about as a result of the move away from factory produced spare parts for classic British cars as ownership had dwindled. But these motor trade businesses had thrived over the years by making old and classic British cars their speciality trade. For car owners who had vintage cars in the garage, it is a big relief to know one can obtain essential spare parts for repairs from these repair garages.

Some people love to own or acquire classic cars but the problem with these vintage cars is the availability of spare parts and the people with the know-how about their inner workings. In this regard, this is how the motor trade plays an important role. The motor trade gives people the confidence to buy these cars, knowing there is someone out there who knows what to do in case of repairs or breakdowns.

In fact, many of these small repair shops can provide top-quality products or services at par with most or even better than the original manufacturers. It is their specialisation which gave them this expertise. Small businesses like these require in particular motor trade insurance to protect meagre assets.

Because of this trade, you can be sure that you can buy that hard-to-find spare part for your beloved vintage car. If it is not readily available, you can rest assured that it can be manufactured in one of these speciality car shops. Although there are suppliers of most brands, most shops prefer to make a spare part themselves whenever possible. Just bring along the old spare part as a sample. In no time at all, your old car will be out on the road again humming and running. The industry has gotten some help lately with an emphasis on
them procuring motor trade insurance against possible workmanship claims.

Today, major players in the trade are banding together to further strengthen their industry. This is to bring everyone involved such as repair shops, restoration shops, parts makers, retailers, dealers and the media to highlight the potentials of this trade group. Most classic British cars are of comparable quality to German or Japanese made cars except that some of them had stopped production. Despite a low demand at present, many in the industry still believe there is an inherent or latent desire among car enthusiasts to own a British car that is well known for its fashionable designs, luxurious interiors and remarkable engineering prowess. Motor trade insurance plays a big part in this revival effort.

Neil Anderson is a UK based finance specialist who provides advice and information about a wide range of products including motor trade insurance. Find out more by visiting his website, DNA Insurance.

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