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I attended a meeting on Thursday with Maria Rehbinder, Head of Internal Markets at the European Commission in Brussels, to discuss suitable options following the publication of the responses received to the Commission’s consultation on Unfair Trading Practices (UTPs) in the Business-to-Business Food and Non-Food Supply Chain in Europe. I believe that we still have to push more strongly for recognition of the issues facing our sector. This we will do with ‘vigour’ in the coming month.
Today’s news also contains the latest October NAMA LCV data report. The report shows that during October the average values of used LCV’s at auction across the board rose by 7.7% from £4,346 to £4,681.
We would like to take this opportunity to remind members of the need to take action with your applications for interim permission with the FCA. As you are probably aware there is a discount for applying by the end of this month! We know there are some concerns around the consumer credit license categories that dealers require, and we will be putting out more guidance as soon as we have more information.
Finally, preparations have already begun for next year’s NFDA Autumn Ball which will take place on 11 October 2014 at The Grove, Hertfordshire. We will update you further in the New Year, but for now get the date in your diary!!!