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NFDA response to FCA update on Motor Finance

NFDA 15/10/2019

The Financial Conduct Authority (FCA) has launched a consultation that will be looking at the discretionary finance commission model. The FCA will be consulting on the new rules until 15 January 2020 and plans to publish final rules later in 2020.  

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RMI calls on Government to provide clarity on future trade with EU for automotive retailers

RMI 10/10/2019

“It is vital that the government agrees a Brexit deal with the EU. If it cannot, then prices will rise as a result of the import tariffs that will be paid on vehicles and parts. It is in everyone’s interests that a future trade deal between the UK and EU removes these tariffs,” said RMI Chairman Peter Johnson, speaking at this year’s 106th Retail Motor Industry Federation annual dinner in London tonight (10 October 2019).

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WLTP and economic uncertainty depress LCV market in September

NFDA 04/10/2019

"Registrations of light commercial vehicles up to 3.5 tonnes fell by -23.5% in September, as a result of the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) for vans and continued economic uncertainty”, said Sue Robinson, Director of the National Franchised Dealers Association which represents franchised commercial vehicle and car retailers across the UK, commenting on the SMMT’s light commercial vehicle registration figures.

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New car purchases affected by uncertainty

NFDA 04/10/2019

“New car sales were up by just 1.3% in September as, despite stable footfall and online enquiries, consumers delay their new car purchases as a result of the continued political uncertainty”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers in the UK commenting on the latest SMMT new passenger car registration figures.

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