The National Franchise Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers across the UK, welcomes the news that UK inflation rates fell to 2.8% in July.
Sue Robinson, NFDA Director commented “The NFDA is encouraged to see that inflation rates dropped in July offering some much needed respite to the consumer. A fall in inflation rates will help consumers by allowing them to retain a reasonable level of disposable income to consider larger purchases such as a new car.
“This news follows reports from the British Retail Consortium of an increase in high street retail sales of 2.2% during July, suggesting that consumer confidence is gradually beginning to grow.”
NOTES TO EDITORS:
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The Retail Motor Industry Federation represents the interests of operators in England, Wales, Northern Ireland, Scotland and the Isle of Man providing sales and services to motorists and businesses.