Thursday, April 25, 2024
HomeNEWSINTERNATIONALnfda to push for brexit deal to suit automotive industry

nfda to push for brexit deal to suit automotive industry

The National Franchised Dealers Association (NFDA) says it will “engage constructively” with the government following the triggering of Article 50. The NFDA represents some motorcycle dealers, and the franchised car and commercial vehicle sector in the UK.

Since the EU referendum in June, the NFDA says it has been urging the government on a number of points regarding areas such as trade, employments and general economic measures.

Particularly, the NFDA has called for:

  • Open trade: the UK needs to remain in the Common Market or get a Free Trade Agreement (FTA) with the EU and avoid 10% tariffs
  • Low interest rates: interest rates must remain low to continue to support consumer confidence
  • Access to finance: with 1.05 million new vehicles bought by consumers and 505,000 purchased by businesses through finance, it is vital that finance deals remain easily accessible
  • Skills: it is important that access to skills is maintained

NFDA director Sue Robinson continued: “For the UK automotive sector to continue to thrive, it is vital that points previously highlighted by the NFDA including open trade, low interest rates and further measures aimed at maintaining economic stability are put forward during the upcoming negotiations between the UK and the EU.

“It is positive that the Prime Minister has confirmed the government’s commitment to strike the freest possible trade agreement and provide as much clarity as possible to businesses during the negotiations.

“We will be looking closely at the White Paper published today.”

 

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