It’s no secret that the car industry has been thriving in recent years, with the Society of Motor Manufacturers and Traders’ (SMMT) latest statistics showing a 2.3 per cent rise of new car registrations in 2016 – the fifth consecutive year of growth.
NFDA director Sue Robinson said it is “vital that UK retail motor industry is recognised by the Government alongside manufacturers in the post Brexit negotiations” following a meeting with MPs at the House of Commons.
Positive growth in the European automotive industry during 2016 has been hailed as “a remarkable feat” by JATO Dynamics analysts.
Finance providers should be offering short-term motor finance products available to EU nationals in the UK to prevent Brexit uncertainty from hampering new car sales, according to Buyacar.co.uk.
Dealerweb has said new and used car enquiries have remained stable in the the four weeks after referendum.
Britain’s Brexit decision could provide a boost to the used car sector at the expense of new car sales, according to Startline Motor Finance.
The quieter months of summer will put the effects of Brexit on used car prices on hold until the fourth quarter of 2016, says Glass's.
Automotive industry analysts at IHS have predicted a reduction in vehicle sales and manufacturing for the UK and Europe as OEMs respond with caution to last week’s Brexit vote.
