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NFDA Press Coverage UpdateBack

PressCoverageDear members,

We are pleased to list few articles that mentioned the National Franchised Dealers Association earlier this week.

NFDA sees positive outlook in EU sales figures

Motor Trade News Online, 18/04/2016

The National Franchised Dealers Association (NFDA) has welcomed continued growth in European new car sales and believes the trend will continue throughout the remainder of 2016.

Latest figures from the ACEA (European Automobile Manufacturers’ Association) show that passenger car registrations across the EU rose by 6% in March to 1.7 million units. Amongst the largest European markets, Italy recorded the strongest growth with registrations up 17.4%, followed by France (7.5%) and the UK (5.3%). Germany (-0.04%) and Spain (-0.7%) saw minor declines in registrations.

NFDA director Sue Robinson (pictured) said: “We are pleased to see that passenger car registrations in the EU rose 6% in March, marking 31 consecutive months of growth.

“In this first quarter new passenger car registrations rose 8.2% to 3,819,269 million units. This positive growth in the car market reflects the recovery that European economy is experiencing. We are confident that this trend will continue and that the major European car markets will continue to perform well throughout the remainder of the year.”

NFDA Welcomes Interest Rate Hold

Motor Trade News Online, 19/04/2016

The National Franchised Dealers Association (NFDA) has welcomed the Bank of England’s decision to hold interest rates at 0.5%, saying it will have a ‘positive impact’ on the industry.

The bank decided almost unanimously to keep interest rates at 0.5%. Rates have remained at this level, which represents a record low, for over seven years. As a result, more affordable finance deals have bolstered new and used car sales thanks to low monthly payment plans.

NFDA director Sue Robinson said: “It is reassuring to see that interest rates will remain at 0.5 per cent. Low interest rates have been one of the key reasons for the car market’s success in 2015 and in the first quarter of 2016, and we are pleased to see that this decision will continue to have a positive impact on the industry.

“We feel confident that on the back of this the UK car market will remain strong and continue to make its contribution to the national economy. Low interest rates will continue to boost consumers’ confidence to buy cars.”

NFDA comments on interest rates

Automotive Industry Digest, 20/04/2016

(see NFDA related press release)

NFDA welcomes European passenger car registration figures

Automotive Industry Digest, 20/04/2016

(see NFDA related press release)

Posted by Sue Robinson on 22/04/2016