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New car and commercial vehicle sales figures for March were released this week showed the new car market has now achieved 37 consecutive months of growth – increasing 11.6% % on March 2014, and March marked the third consecutive month of growth in the commercial vehicle market which was up 25.3%. The March market has been assisted by the new plate change which encourages consumers to replace their existing vehicle, and in addition record low inflation and pay rises are contributing to consumers buying new cars. To receive a copy of the monthly UK registration figures please contact firstname.lastname@example.org
The NFDA has also called for a fairer deal over GAP insurance. We believe that the FCA’s proposal to shake up Guaranteed Asset Protection (GAP) insurance could leave thousands of motorists with inadequate insurance cover and see dealers reluctant to offer GAP insurance if forthcoming changes prove unworkable for the industry. We will keep you informed.
The industry continues to face a number of challenges – consumer bill of rights legislation, FCA proposals – all pertinent to your business. NFDA lobby and engage with government and shareholders on these and many other issues to ensure the dealer position is understood fully. If you have any issues or queries, please do contact us. We are there to support you.
Sue Robinson, Director