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General Election – the NFDA Manifesto
The NFDA manifesto has now been published and is available on the NFDA website: http://www.nfda-uk.co.uk/_assets/NFDA%20Manifesto.pdf. The manifesto sets out our policy requests ahead of the General Election. If you are engaging with prospective Parliamentary candidates the document will provide useful and constructive information.
We have also summarised the Labour, Liberal Democrats and Conservative manifestos which were published earlier this week. These include the key commitments that will impact NFDA members. We will monitor the situation and engage with the Government at appropriate levels to ensure the retail motor sector continues to be well represented. More details in the news.
EU car market
This week saw the European Automobile Manufacturers’ Association (ACEA) publish April’s European new passenger car registrations. It is interesting to see that, in line with the UK, the overall European new car market saw a decline in April, while it remains stable year to date. Please find more details below.
Sales of commercial vehicles over 6 tonnes have remained stable in the first quarter of the year with a total of 10,406 new vehicles registered, which equate to a minor increase of 0.4%, according to the latest SMMT’s heavy goods vehicle registration figures. This is encouraging, as these types of vehicles are usually purchased only out of business necessity.
It was positive to see that UK unemployment rate fell to 4.6%, the lowest rate since 1975, as shown by the latest estimates from the Office for National Statistics. Employment rate rose to 74.8%, the highest since comparable records began in 1971. High employment levels, combined with low interest rates, will continue to support consumer confidence.
Following last year’s success, the NFDA is working again in partnership with AM – Automotive Management Live, taking place on 9 November 2017, is a one day, free to attend event which will see experts from our sector hold a number of seminars to give you insights into the most topical issues affecting the industry. Registrations are now open and you can get your ticket at: http://www.automotivemanagementlive.co.uk/online-registration
NFDA represents you. If you need any assistance, clarifications, or if you have any specific issues that you would like us to include in our agenda, please contact the NFDA member helpline on 01788 538303.
Sue Robinson, NFDA Director