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This week saw Chancellor of the Exchequer, George Osborne deliver his annual Autumn Statement, detailing the economic forecasts and Government’s plans for the economy. We were encouraged to see that the small business rate relief scheme would be extended for a further year. The announcement that rates will continue to be capped at 2% next year will be of great benefit to our smaller members. Please see this week’s news for a full summary of the statement.
The new car and commercial vehicle sales figures were released for November. New car registrations grew for the 33rd consecutive month up 8.0%, and In the commercial vehicle market growth was again fuelled by the van market, which rose 17.1%. For a full copy of the figures please contact firstname.lastname@example.org
Also this week, the NFDA spoke at the Motor Trader FCA briefing, designed to enable car retailers to succeed under the new regulatory regime. In today’s news the FCA has outlined new rules which will protect consumers from harmful fee-charging credit broking practices.
Sue Robinson, NFDA Director