Dear Colleague,
The latest new passenger car registrations showed that the new car market declined by -4.1% in July. Pure electric vehicles saw an impressive growth of 158.1% despite the significant supply challenges affecting the sector. Positively, the light commercial vehicle market grew by 11%. Please a find a copy of the registration figures on our website at https://www.nfda-uk.co.uk/reports/statistics
The latest NAMA Market Attitude Survey showed that more than half of surveyed NAMA members expect conversion rates to improve in August. Overall, petrol and diesel vehicle values should remain steady, while a higher percentage than last month predict values of electric vehicles will increase. Please find more information in the news.
NFDA is organising a dealer trip to NADA Las Vegas 2020. We will be departing on Thursday 13 and returning Monday 17 February 2020. Every year, franchised dealers see NADA as an ideal opportunity to discuss industry issues and learn about new trends facing our industry. Please email nfda@rmif.co.uk to join us.
SAVE THE DATE - The NFDA Spring Ball 2020 will be taking place on Saturday 25 April 2020 at the five star Grove Hotel in Hertfordshire, more details to follow.
NFDA is your trade association, we represent, you benefit. If you require any assistance, please do not hesitate to contact our member helpline on 01788 538303.
Sue Robinson, NFDA Director
