Newsletter
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Issue 45 - 10th November 2023
A welcome note from Sue Robinson
Dear colleague, It has been an extremely busy week for the NFDA and the automotive sector. The latest new and used car registration figures were released, shining a positive light on the sector and its state of recovery post pandemic. In October, the new car market has risen 14.3% year on year; the van market has risen 17.7% year on year; the motorcycle market has risen 0.8% year on year...
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10th November 2023
Used car market expands with best Q3 performance in 2 years
The latest report from the Society of Motor Manufacturers and Traders (SMMT) indicates UK's used car market expanded by 5.5% during the third quarter, reaching 1,884,160 units. This growth marks the...
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10th November 2023
Encouraging signs of continued EV growth, but more needs to...
October is an important bellwether following September’s plate change, and it is positive that the market has now experienced fifteen months of continued growth for the automotive sector despite...
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10th November 2023
Continued growth for LCV market but potential remains...
In October 2023, the automotive industry witnessed a noteworthy surge in registrations for Light Commercial Vehicles (LCV), with a remarkable increase of 17.7% marking the tenth successive month of...
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10th November 2023
MILS case study: Pre-termination negotiations
“I have an employee whose attitude and performance is poor. Rather than taking the employee through a capability procedure can I explore with the employee whether he/she would be open to mutually...
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10th November 2023
NFDA’s policy update: the king's speech and shifts in the...
King’s Speech and the Automotive Industry The first King’s speech in over 70 years has given us an insight as to the direction the government will take towards the automotive industry as we build up...
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10th November 2023
AI, Cyber crime and Agency: Key themes discussed at AM Live!
AI During this discussion, Ben Cooper, Managing Director – International, of Impel discussed Artificial Intelligence (AI) and its thrust into the mainstream in 2023. Ben distinguished between the two...
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10th November 2023
Bumper Announces Ground breaking Integration with Getac to...
Bumper is thrilled to announce the Bumper x Getac integration, a pivotal development in the ongoing digitisation of the automotive industry. This collaboration allows customers to effortlessly...
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10th November 2023
Economic stagnation in the UK: impact of high interest rates
The UK economy faced stagnation in the third quarter of the year, with Gross Domestic Product (GDP) remaining unchanged compared to the previous quarter. High borrowing costs are seen as a...
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10th November 2023
Retail values soften but remains stronger than trade - Auto...
The Auto Trader Retail Price Index has disclosed a second consecutive month of contraction in average used car retail prices in October, down by -1.7% year-on-year (YoY). Despite this headline...
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10th November 2023
Cabinet office reassures NI dealers that type approval will...
The National Franchised Dealers Association (NFDA) Northern Ireland division has received assurances from Cabinet Office officials that the movement and sale of new vehicles in Northern Ireland will...
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