Newsletter
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Issue 6 - 09th February 2024
A WELCOME NOTE FROM SUE ROBINSON
Dear colleague,This week, the SMMT released new car and light commercial registration figures, marking the eighteenth consecutive month of growth for the UK automotive sector. Notably, electric vehicle sales have rebounded following a decline in November and December. Additionally, we received the latest used car figures from SMMT, revealing a growth in the UK's used car market in the fourth quarter of 2023. Of significance is the robust performance of...
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09th February 2024
Auto Trader - Monthly Market Intelligence Report - January...
The in-focus section this month looks at how the transition to electric cars has prompted the rise of new entrants to enter the market – particularly from China. Key headlines: • Fleet registrations...
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09th February 2024
Used car market witnesses’ robust growth in 2023, led by...
2023 proved to be a remarkable period for the UK’s used car market, characterised by four consecutive quarters of growth and a significant uptick of 5.1% compared to 2022, according to Sue Robinson,...
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09th February 2024
Commission Disclosure and Martin Lewis
Since the 2021 FCA rule changes regarding sales commissions, one of the more common issues in the Motor Industry has been the extremely high number of solicitors and claims management firms seeking...
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09th February 2024
UK Automotive Sector Sees Positive Start to 2024: New Car...
The UK automotive sector has kicked off 2024 on a strong note. Both new car and light commercial vehicle (LCV) registrations experienced significant growth in January, marking an impressive start to...
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09th February 2024
2024 STARTS OFF STRONGLY FOR POWERED TWO WHEELERS, ELECTRIC...
“With the final months of 2023 signalling a challenging time for motorcycle sales it is promising to see a turnaround as we enter 2024. It is encouraging to see these positive sales when we look at...
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09th February 2024
NFDA Upcoming Events
February F & I Working Group - Thursday 22 February 2024 March HR Working Group – Tuesday 12 March 2024 April NFDA Executive Meeting – Tuesday 16 March 2024 NFDA Spring Ball – Saturday 27 April...
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09th February 2024
NFDA Policy Update
Rollout of electric vehicle chargepoints to be accelerated New measures to support electric vehicle (EV) drivers from the Government’s Plan for Drivers launched on Monday 5 February. This included...
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09th February 2024
National Apprenticeship Week – Member Spotlight
This week, for National Apprenticeship Week (NAW) Drive My Career (DMC) and its members have taken part in its sixth consecutive #DMCApprenticeTakeover campaign, as well as teaming up with the 30%...
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09th February 2024
GUARANTEED ASSET PROTECTION (GAP) INSURERS AGREE TO SUSPEND...
Today, Friday 9 February, the Financial Conduct Authority (FCA) has announced that multiple insurance firms have agreed to pause sales of Guaranteed Asset Protection (GAP) insurance, following a...
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09th February 2024
NFDA ATTENDS THE 2024 NADA SHOW: CONNECTING WITH GLOBAL...
Last week, the NFDA attended the National Automobile Dealers Association (NADA) Show in Las Vegas, USA. This annual gathering served as an ideal opportunity to meet with dealer associations, members,...
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