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Automotive industry labels Budget a ‘missed opportunity’
- 07/03/2024
- Posted by: Alan Feldberg
- Category: News
The automotive industry has offered a tepid response to the Spring Budget, announced by Chancellor Jeremy Hunt yesterday. The industry had been calling for greater support for apprentices as well as consumer incentives to boost electric vehicle uptake, neither of which were forthcoming, although it was announced [...] -
EU sales bounce back in 2024
- 22/02/2024
- Posted by: Alan Feldberg
- Category: News
New car registrations returned to growth in Europe in January, bouncing back from a 3.3% reduction in December. According to the European Automobile Manufacturers' Association, sales were up 12.1% year-on-year, reaching 851,690 units for the month. All major markets recorded notable growth, with Germany up 19.1), [...] -
HMRC reverses vehicle tax reclassification
- 21/02/2024
- Posted by: Alan Feldberg
- Category: News
HMRC has reversed plans to change the tax treatment of double cab pickups. It had announced that from July they would have been classified as cars. However, it has now announced that these changes will not go ahead. The decision has been welcomed by the National Franchised Dealers Association. Chief executive [...] -
NFDA responds to EV charging consultation
- 16/02/2024
- Posted by: Alan Feldberg
- Category: News
The National Franchised Dealers Association has responded to a government consultation around developing public EV charging infrastructure. The government launched the consultation around the £1bn Rapid Charging Fund (RCF) in December, alongside the announcement of a £70m pilot scheme to increase the number of [...] -
NFDA spotlights apprentice successes
- 15/02/2024
- Posted by: Alan Feldberg
- Category: News
Drive My Career has hosted its sixth DMC Apprentice Takeover campaign to spotlight the numerous apprenticeship opportunities available within the automotive retail sector. Held to mark National Apprenticeship Week earlier this month, the campaign encouraged National Franchised Dealer Association members to showcase [...] -
NFDA optimistic for used car growth
- 09/02/2024
- Posted by: Alan Feldberg
- Category: News
The National Franchised Dealers Association (NFDA) is predicting further growth for the used car market in 2024, after new figures revealed sales growth of 5.1% last year. Sales were up 6.9% in the last quarter alone, to 1,679,116 transactions. Across the year, used battery electric vehicles sale surged by [...] -
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 [...] -
NFDA calls for skills and EV focus in Budget
- 26/01/2024
- Posted by: Alan Feldberg
- Category: News
The National Franchised Dealers Association (NFDA) has urged the government to address skills and electric vehicle uptake in its upcoming Spring Budget. In a letter to Chancellor Jeremy Hunt, the NFDA has called on the government to prioritise investment and growth in the UK automotive sector. That includes [...] -
Industry welcomes MOT decision
- 25/01/2024
- Posted by: Alan Feldberg
- Category: News
The industry has reacted positively to news that MOT tests will remain at three years after registration, and annually thereafter. The government was considering extending the period to initial testing from three to four years, but after consulting with the industry has announced the testing periods will remain [...] -
Dealers predict EV decline
- 24/01/2024
- Posted by: Alan Feldberg
- Category: News
A new survey has revealed that just over a quarter of dealers expect EV sales to be better in 2024 than 2023. According to a survey carried out by the National Franchised Dealers Association (NFDA), only 27% of the 50 respondents predict that EV would be better this year, with four per cent saying they’d be [...]