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The NFDA’s sister association the National Association of motor auctions (NAMA), has published its monthly car and LCV data reports this week for July. The car report shows that the average sale price in July decreased by £140 on the June 2015 figure from £5,498 to £5,358, whilst the LCV report shows that the average value of used LCV’s at auction across the board decreased -4.5% compared to June 2015. For a full copy of the reports please email email@example.com
A reminder that the new regulations set out by the Financial Conduct Authority (FCA), to the way in which Guaranteed Asset Protection (GAP) insurance is sold to consumers is due to come into force on 1 September. Any car sold with GAP that is delivered on or thereafter this date, and has been ordered prior to 1 September, will be subject to the new rules. Please see today’s news for more details.
Finally, we would also like to highlight that the government is currently consulting on whether to devolve Sunday trading rules to local areas, such as cities run by elected mayors and/or local authorities. This would give them greater control of their local economy and improve the wellbeing of local citizens. To read the full consultation document, please click here.
Sue Robinson, Director