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NFDA welcomes interest rate freeze
- 02/02/2024
- Posted by: Alan Feldberg
- Category: News
The National Franchised Dealers Association (NFDA) has welcomed the news that the Bank of England is keeping interest rates at 5.25%. There was some suggestion that rates will be reduced, although experts do not expect that to happen now until the summer. However, the NFDA has said that keeping rates static is [...] -
Interest rate rises won’t impact vehicle sales
- 23/06/2023
- Posted by: Alan Feldberg
- Category: News
The Bank of England’s decision to rise interest rates to five per cent is not expected to have an immediate impact on vehicle sales. This is according to Auto Trader, which believes the actual impact on the cost of buying a second hard car will be minimal. Rachael Jones, Director of automotive finance at Auto [...] -
Vehicle supply impacting car finance market
- 07/07/2022
- Posted by: Alan Feldberg
- Category: News
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in May 2022 by four per cent compared with the same month in 2021. The corresponding value of new business grew by six per cent over the same period. In the five months to May 2022, new [...]