“It is positive to see that the Financial Conduct Authority (FCA) has acknowledged that growth in the motor finance sector has been the strongest for lowest risk consumers”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) commenting on the latest report published by the FCA today.
The NFDA has been in on-going communication with the FCA during this enquiry and we are encouraged to see that the importance of Motor finance has been recognised.
Robinson continues, “The FCA has recognised that although motor finance is growing, it is in a sustainable way. We and our members will continue to work closely with the FCA going forward.”
NOTES TO EDITORS:
The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.