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As expected, this week saw the UK new car market decline by -19.8% in April following the plate change month which had recorded an all time high. The negative performance was primarily due to the increase in VED on 1 April, which prompted buyers to bring their purchases forward into March, and Easter falling during the month. The light commercial vehicle market also saw a consistent decrease of -18.8% in April. If you would like to receive a copy of the registration figures, please email email@example.com.
Today, the Government published its draft air quality plan and confirmed that will consult on the issue. The area needs a coordinated approach, which involves Government, manufacturers and retailers. We will be looking closely at the proposal, respond to the consultation and ensure the Government engages with the retail side of the automotive industry. Please find more details below.
Following the news reported by The Times on the Financial Conduct Authority (FCA) investigation into motor finance, we have again highlighted to the media how franchised dealers have made huge efforts to be compliant with consumer credit rules and that they can only offer car finance under strict conditions. We will continue to liaise with the FCA on the enquiry to ensure it has a satisfactory outcome. Please see the news for more information.
A reminder – the online petition to maintain the current first MOT date for cars at three years can still be signed here: https://petition.parliament.uk/petitions/190843.
NFDA is your trade association and we are here to support you. If you need any assistance, guidance or clarifications, please pick up the phone and contact us on the member helpline – 01788 538303