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Survey finds most car dealerships positive about 2017 business prospects

Exclusive findings from Close Brothers Motor Finance’s Dealer Satisfaction Survey reveal the majority (63 per cent) are positive about their business prospects for 2017. The Dealer Satisfaction Survey is a continual telephone survey undertaken by Close Brothers Motor Finance and reported on a monthly and quarterly basis. The survey questions 750 new and used car, motorcycle and light commercial vehicle dealerships across the UK to help provide a picture of dealer trends and help Close Brothers Motor Finance improve their service.

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Related news:

  1. NFDA Dealer Attitude Survey summer 2018 sees general upward movement
  2. Record response rate for NFDA Dealer Attitude Survey
  3. “Too early to gauge true Brexit impact on car market” – Close Brothers
  4. NFDA comments on FCA’s Motor Finance Discretionary Commissions ban
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Close Brothers Motor Finance raise £13k for Great Ormond Street

Close Brothers Motor Finance employees have raised £12,898.47 for Great Ormond Street Hospital through a series of charity events. In a bid to raise money for the charity, employees from the business took part in a range of fundraising initiatives, including a 1,300 mile cycling challenge between all of Close Brothers Motor Finance’s offices. This cycling event saw John Murphy, account manager at the Sheffield branch, covering the longest distance (140 miles).

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Related news:

  1. NAMA raises £24k for GOSH
  2. IAM welcomes report – with reservations
  3. Transaid launches Celtic cycling challenge
  4. Places filling fast for Transaid cycle challenge
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Slight July car registrations increase gives reason to be cautious

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Figures released by the SMMT show that UK new car registrations experienced a very slight increase in July, up 0.1 per cent for the month, at 178,523 units. 1,599,159 new cars have been registered so far this year, putting demand in the year-to-date 2.8 per cent higher than for the same period in 2015, following a strong first quarter. Fuelled by a possible inflection point in the market – two years of strong car registrations figures have built up a wave of two-three year old used cars that could detract from new car purchases – and the as-yet unseen effects of the Brexit decision, some are advising a note of caution.

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Related news:

  1. 10-year high for April car registrations
  2. Steady growth in May car registrations
  3. Slower August for UK new car market – registrations drop 6.4 per cent
  4. August car sales up 23 per cent – electric cars account for one in twelve sales
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Brexit decision at ‘inflection point’ for car market – Close Brothers Motor Finance

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Following the publication of the SMMT’s UK monthly automotive manufacturing figures for June, Chris Bosworth, director of strategy at Close Brothers Motor Finance, suggests that the current growth spurt may be coming to a close. The extent to which this will be affected by Brexit remains to be seen, Bosworth adds, though it coincides with what he calls an “inflection point” for the UK car market.

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Related news:

  1. UK automotive production drops again as investment dries up
  2. SMMT: 1 in 3 auto sector firms shedding jobs ahead of no-deal Brexit
  3. SMMT calls again for “ambitious” EU trade deal as UK car production drops 16.5% in November
  4. Slight July car registrations increase gives reason to be cautious
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