NFDA | National Franchised Dealers Association

🚨 The Bank of England has confirmed that interest rates will be cut to 4.5% today, the lowest level since June 2023. 🗣️ Sue Robinson, Chief Executive of the National Franchised Dealers Association: “The Bank of England has reduced interest rates further to 4.5%, following cuts in August and November last year. This decision will help to ease some of the pressure on both consumers and dealerships amid ongoing economic uncertainty."

EV sales grow but call for support Fresh vehicle sales figures have revealed battery electric vehicles (BEVs) saw a sizeable increase in January, up 41.6% to 29,634 units, delivering a market share of 21.3%. In addition, plug-in hybrid (PHEVs) registrations also rose by 9.0% to 12,598 units, and hybrids (HEVs) by 2.9% to 18,413 units. BEV uptake has now grown by 20.9% to 462,000 – a 23.7% market share, which is short of the mandated 28% target for this year, but above the 22% for 2024, and still growing across an annual period. Read the full story on Transport + Energy here: https://lnkd.in/eyNbeqjA Society of Motor Manufacturers and Traders (SMMT), New AutoMotive, Mike Hawes, Victoria Edmonds, EVA England, NFDA | National Franchised Dealers Association #ev #electricvehicles

📉 LCV Market Drops 20.5% in January, But EV Uptake Continues to Rise ⚡ January saw a tough start for light commercial vehicle registrations, down -20.5% after a strong 2024. The 2.5-3.5t van segment, a key market indicator, fell -22.3%, raising concerns over business confidence. 🔋 On a positive note, battery electric LCVs continued their growth, rising 13.0%—but still below the 16% ZEV target for 2025. With upcoming BiK tax changes and higher non-compliance fines, will the Government step up on charging infrastructure? 📢 What do you think—are the right incentives in place for businesses to switch to EVs? #Automotive #EVs #LCVMarket #Sustainability Read the full press release here: https://lnkd.in/eWpRMUE4

UK car dealers have stressed the need for more government support for EVs and the continued benefits of hybrids beyond 2030 amid a pessimistic market outlook. #NationalFranchisedDealersAssociation(NFDA) https://lnkd.in/e42acpzn

🚙 In January, a total of 139,345 new cars were registered, a decrease of -2.5% from the same period last year. Sales to private buyers were down by -0.5%; fleet registrations were also down by -3.7%. ⚡ Battery electric vehicles (BEVs) saw a sizeable increase, up 41.6% to 29,634 units, to make up a market share of 21.3%. 🗣️ Sue Robinson, Chief Executive of NFDA: “2025 is expected to bring notable changes for automotive dealers, including an increase in Employers' National Insurance contributions from 13.8% to 15% and the introduction of Vehicle Excise Duty on electric vehicles. The UK automotive sector is a vital sector in the UK and historically NFDA members have been very flexible and resilient to headwinds.” Find the full press release here: https://lnkd.in/ee8bmtnJ

🚗 UK British Car Production Hits 70-Year Low. In 2024, UK car manufacturing dropped to just 780,000 vehicles—the lowest since 1954 (excluding pandemic years). 📉 What’s behind the slump? ⚡ Factory shutdowns for EV retooling 🌍 Weak global demand 🔧 Ongoing supply chain struggles As the industry shifts from fossil fuels to electric, challenges remain. Will 2025 bring a turnaround? 🔋⚙️ #UKCars #AutoIndustry #EVTransition Read more: https://lnkd.in/euK2Tvx9

🚗💡 UK Car Dealers Call for More Support in 2025! The NFDA 2025 Outlook Survey reveals a tough road ahead for the UK’s automotive retail sector. 📉 Conducted in January, the survey gathered insights from 46 franchised dealership groups across 165 sites. Key takeaways: ⚡ Dealers urge stronger government support for EV adoption 💰 Financial pressures continue to mount for retailers Will policymakers step up to help the industry navigate these challenges? 🏛️🚘 #EVTransition #AutoRetail #UKCars Read more: https://lnkd.in/eETZxC8E

Our “My Apprenticeship Story” Campaign launches Monday next week! 🎉 This campaign provides a platform for female current and former apprentices to share their unique apprenticeship journeys—particularly from women in technical, technology, or sales roles within the automotive industry. 📢 A reminder on how to Participate: ✨ Write a short post (250–350 words) sharing your apprenticeship experience. ✨ Use our campaign template or create a short video about your journey. ✨ You don’t need to be part of an Auto30Club member company to join in—we want to highlight automotive apprenticeships that feature female role models early in their careers. Share your story on LinkedIn and other social media platforms using the hashtag #MyApprenticeshipStory.  💡 Remember to tag us so we can like, comment, and repost your content! Visit https://lnkd.in/ezDmvbWK to access the PowerPoint template and a Zoom recording explaining the campaign process. Arnold Clark sponsors our Early Careers Group Meetings and the #MyApprenticeshipStory campaign. The Institute of the Motor Industry (IMI) is the Partner Sponsor of the Automotive 30% Club #FocusOn30by30 #ChangeTheGame #WinningGenderBalancedBusiness #IfYouCanSeeItYouCanBeIt #NAW2025 #SkillsForLife Emma Glass Jen Miller Carol Ann McCann Lynne McBurney IMDA Independent Garage Association IAAF Society of Motor Manufacturers and Traders (SMMT) NFDA | National Franchised Dealers Association Retail Motor Industry Federation Ltd (RMI) Scottish Motor Trade Association Ltd (SMTA) NBRA / VBRA Automotive Leadership Network

Business running costs has emerged as the most pressing issue for dealers in a survey carried out by trade body the National Franchised Dealers Association (NFDA). Check out full survey at https://ow.ly/rlha50UR0QT #BusinessCosts #NFDA #Dealers #AutomotiveIndustry #FranchiseBusiness #CostManagement