Dear Colleague,

This week, the European Commission published the new Vertical Block Exemption Regulation and new supplementary Guidelines. We are currently working with our specialist legal advisers, TLT LLP, and the Alliance of European Car Dealers and Repairers (AECDR) to analyse these; we will provide you with further information next week.

The latest used car figures showed an increase in the first quarter of 2022. The ongoing supply constraints continue to affect new car sales, but, positively, consumer demand remains stable despite a number of well-documented challenges. Please find further details in the news.

Yesterday, we held an extremely well-attended Driving Digital. Our keynote speakers provided excellent insights into the latest industry trends and the opportunities for dealers. Thanks to all those who attended, I hope you found the event interesting and informative. Please find a summary in the newsletter.

Finally, congratulations to all winners and finalists at the AM Awards! The full list of Award winners is in available in the news.

NFDA is your trade association and we are the voice of automotive retailers, if you require any further assistance, please do not hesitate to contact our member helpline at 01788 538303.

Sue Robinson, NFDA Chief Executive