NFDA on CTSI consumer law guide for used car industry
The Chartered Trading Standards Institute (CTSI) has published a free guide on consumer law for the UK used car industry, titled Car Traders and Consumer Law.
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Used car market ends 2019 with increase in Q4
The used car market saw a growth of 2.4 per cent in the last quarter of 2019 with 1,804,343 transactions. Overall in 2019, the used car market finished almost on par with the previous year with a marginal decline of -0.1 per cent and a total of 7,935,105 sales. Used petrol declined by -0.3 per cent, diesel -0.6 per cent, while combined alternative fuel vehicles grew by 23.4 per cent. Transactions of Euro 6 diesel models were up 32.5 per cent.
NFDA urges Government to safeguard plug-in grant ahead of Budget
In its submission ahead of the Budget taking place on 11 March 2020, NFDA has urged the Government to safeguard the plug-in car grant which has proved successful in encouraging consumers to buy an EV.
NFDA’S Drive My Career initiative reaches 2.5m 16-24 year-olds in 2019
Drive My Career is an industry-first employment initiative which was launched to address franchised retailers’ concerns that not many young people generally consider the automotive retail sector as an option for their professional careers.
NFDA welcomes EV charging infrastructure investment
The Transport Secretary, Grant Shapps, has announced that Government funding for the installation of chargepoints on residential streets next year will be doubled to £10 million. According to the Government, “this could fund up to another 3,600 chargepoints across the country”.
NFDA, DWF, KPMG, Global Data and SMMT reactions to 2019 car registration figures
While the 2019 UK car registration figures are clear that the market declined last year, various sources gave differing views as to what are the most important trends and what should be done.
Electric vehicle approved (EVA) scheme reaches 50 dealerships milestone
Electric Vehicle Approved (EVA) is endorsed by the Government’s Office for Low Emission Vehicles (OLEV). NFDA launched the scheme in May 2019 to recognise expertise in the electric vehicle sector and promote industry standards for the benefit of the consumer.
Used car market rebounds
The used car market rose by 0.9 per cent in the third quarter of 2019 with 2,076,382 vehicles changing hands, 18,925 more than the same period in 2018. Plug-in electric and hybrid models showed a solid increase of 13.0 per cent. Demand for diesel grew by 1.4 per cent, petrol sales saw a slight decline of -0.2 per cent.
Decline in car sales continues in October
UK new car registrations declined -6.7 per cent last month, according to figures from the Society of Motor Manufacturers and Traders (SMMT). 10,348 fewer cars were registered than in October last year, reflecting a tough environment for businesses and consumers as economic and political uncertainty continued to impact confidence.
Strong online presence is vital, but role of dealership remains key – NFDA
The National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers across the UK, has announced the findings of consumer vehicle purchasing patterns in the UK.
Strong online presence is vital in car retail
The National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers across the UK, has announced the findings of consumer vehicle purchasing patterns in the UK.
Slight fall in August new car sales, but strong showing for electric cars
SMMT figures show that the UK new car market remained steady in August, with just 1,521 fewer cars registered than in the same month last year. Registrations fell by -1.6 per cent in what is typically one of the smallest months of the year, as falling demand for diesel and plug-in hybrid vehicles continued to impact the overall market.
Record response rate for NFDA Dealer Attitude Survey
This NFDA Dealer Attitude Survey summer 2019 was conducted in July 2019 and asked franchised dealers 53 questions about their on-going relationship with their respective manufacturers. The questions covered a range of business issues and the impact on dealers’ satisfaction levels with their manufacturers’ relationship. Responses are scored from 1 (extremely dissatisfied) to 10 (extremely satisfied). NFDA surveyed 30 franchise networks and received 2,077 responses from dealers, equating to a record 50 per cent response rate.
Used car market declines as consumers delay purchases
“The decline of -2.8 per cent in used car transactions in the second quarter of 2019 was anticipated due to a number of factors that affected the sector over the past months, but the market remains at high levels”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers in the UK commenting on the latest SMMT used car figures.
NFDA: Additional chargepoint funding a ‘step in the right direction’
The organisation that represents franchised car and commercial vehicle retailers in the UK says it welcomes Transport Secretary Grant Shapps’s announcement that an additional £2.5 million will go towards to fund the installation of over 1,000 new charging points for electric vehicles. Sue Robinson, director of the National franchised Dealers Association (NFDA) comments “it is positive to see that the Government has announced additional funds for chargepoints on residential streets.”
