6% growth driven by retail’s ‘competitive finance packages’ – RMI

The Retail Motor Industry’s chairman has lauded the role of finance packages in achieving the UK’s high rate of new car an commercial vehicle sales growth. “In an era of low interest rates, a growth in competitive finance packages favoured by retail customers has contributed to a six per cent increase in new car and commercial vehicle sales – marking a record high”, RMI chairman Peter Johnson said, speaking at this year’s Retail Motor Industry Federation annual dinner in London on 22 October.

He added, “With our sector thriving in terms of sales figures, and with current employment of over 500,000, it is imperative that our industry continues to work together to provide the highest levels of customer service to maintain consumer confidence. To support the industry, it is vital that we grow the young talent of today.

“Young talent is the legacy for the future, and so the RMI will fully support the introduction of an apprenticeship levy, given that the money is used to give apprentices and young people a motivational and interesting learning experience in our sector.”

Lord Rosser, shadow spokesperson for Transport and Home Affairs was the guest speaker at this year’s dinner.