Dear Colleague,
The latest new passenger car registration figures showed a -34.9% decline in June. This was an improvement from the previous months when dealerships across the UK had to stay closed, but the effect of pent-up demand is still unclear. The light commercial vehicle market saw a drop in sales of -24.8% showing demand for vans is gradually increasing. Please find more information in the news.
This week, the Chancellor set out the next phase of the UK’s economic recovery plan in response to the Coronavirus outbreak including the Government’s scheme to create and protect jobs. As no specific measure for the automotive sector was announced, it will be vital to continue to monitor how our industry performs over the coming weeks. More details below.
A reminder: the NFDA Dealer Attitude Survey Summer 2020 is out for completion. Dealers will have received their link to complete the survey online - your feedback is vital. If you have any questions, please email nfda@rmif.co.uk.
NFDA is your trade association and the voice of automotive retailers. If you require any assistance, please do not hesitate to contact our member helpline on 01788 538303.
Sue Robinson, NFDA Director
