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It was with great sadness to hear this week that John Coward of Furrows Motor Group, passed away. John was a past President of the RMI and a great supporter of the NFDA. He will be sadly missed by all in the motor industry and our thoughts go out to his family.
Recent figures released by ACEA (European Automobile Manufacturers’ Association) show that demand for new commercial vehicles in the EU rose 8.0% in March. This marked 15 consecutive months of growth with market totalling 242,049 units. Amongst the largest European markets Italy recorded the strongest growth (29.3%), followed by France (+6.4%), the UK (+3.2%) and Germany (+2.6%). Please see the news for more information.
Also this week the Office for National Statistics has released its first estimate for Q1 2016 GDP. We were pleased to see that it has continued to increase and grew by 0.4%, just slightly down from 0.6% in Q4 2015.
Following the launch of our EU referendum information sheets in last newsletter, this week we include an analysis of the impacts on trade of the UK remaining in the EU or exiting. Please see the full report below.
This year we are working in partnership with Automotive Management on their Live event taking place on November 16. AM Live is a new one-day trade exhibition offering best practice seminars, advice on moving into the digital age and knowledge on operating a modern showroom. It promises to be high profile, fast paced, insightful and enjoyable day. Booking details can be found below. In the “news in brief” section you can still find the links to our social media pages as well as other useful information regarding upcoming events.
Finally, the NFDA is your trade body and here to help and advise you on regulatory and operational issues that affect your business. However, if there are issues that we have not covered or you have concerns about, please do contact us on the NFDA helpline 01788 538303.
Sue Robinson, NFDA Director