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This week the Bank of England announced that interest rates will be held at their record low of 0.25%. This is positive news for the industry, as low interest rates combined with record low unemployment levels will continue to support consumer confidence. Please find more information below.
The EU new car market has performed well in November with a growth of 5.8% compared with the same period in 2015. Year to date, it remains higher than last year. All major markets have showed strong results. As for the UK, it will now be interesting to see what these markets have in store for the last month of the year.
We have held our final round of regional NFDA dealer forum meetings. A number of issues including industry legislation, current market situation and other topics which might affect members’ businesses have been discussed. Please find dates and venues for the next round of meetings in the news.
Driving Digital 2017 will be taking place on Thursday 9 February at Villa Park, Birmingham. Keynote speakers from Arnold Clark, Auto Trader, Trusted Dealers and NFDA, will share innovative and practical and ideas, and provide you with an insight into the world of digital marketing and automotive retailing. For more information and to reserve a place, please visit http://www.driving-digital.co.uk or call Lois Hardy at Trusted Dealers on 01423 506272.
If you have issues or concerns currently not on the NFDA agenda that you feel NFDA should address please contact us. We need your input and information to ensure that all areas of business are addressed. Please contact us on the NFDA member helpline 01788 538303.
Sue Robinson, NFDA Director