Dear Colleague,

It was encouraging to see the Prime Minister announce that the UK government has committed to invest £106 million towards the development of low and zero emission vehicles. NFDA will continue to work alongside the government and other industry partners towards the creation of a favourable retail environment.

This week, we have finished our first round of regional meetings. All the regionals were well-attended and provided us with key feedback which will help shape the future directions of our work. In particular, the meetings focused on the state of the new and used car market, the relationship between car retailers and manufacturers following the publication of the NFDA Dealer Attitude Survey as well as the challenges and opportunities affecting the electric vehicle market. Please find below dates and venues of the next regional meetings.

The Bank of England unanimously decided to keep interest rates on hold at 0.75%. Despite the uncertainty surrounding Brexit, the economy expanded 0.6% in the three months to July, the fastest since August 2017. Please read more about the Agents' summary of business conditions in this week’s news.

AM Live 2018: the UK’s leading event for automotive retailers is back!

Visit https://www.automotivemanagementlive.co.uk/ to register for your free ticket.

NFDA is your trade association: we represent, you benefit. If you need any assistance, please do not hesitate to ring our member helpline on 01788 538303.