The Spring Finances – possible the final main fiscal occasion earlier than a Normal Election – will supply automobile retailers the prospect to foyer the Treasury on what it sees as their priorities.
“This offers a significant alternative for the Authorities to take heed to the considerations of automotive retailers and description its imaginative and prescient for the way forward for the sector,” stated Sue Robinson, chief government of the Nationwide Franchised Sellers Affiliation (NFDA) which represents automobile and industrial retailers.
The NFDA has now submitted its price range proposal to the Chancellor Jeremy Hunt, forward of the 24 January submission deadline, as he prepares his Spring Finances, scheduled for six March.
The submission lined an array of areas affecting the automotive trade. Three key components from NFDA’s submission are:
- prioritising funding and progress within the UK automotive sector.
- addressing the abilities shortages that the trade is at present dealing with together with reforming the apprenticeship levy.
- incentivising customers and rising client confidence in the course of the transition to electrical by way of value incentives and enhancing electrical charging infrastructure.
Robinson stated: “NFDA’s price range proposal has conveyed numerous points that are at present affecting the automotive retail sector and the broader automotive trade together with points which have been not too long ago flagged by dealerships in our 2024 outlook survey.
“Because the automotive sector continues to navigate its method by way of more and more difficult occasions, the Authorities wants to make sure that facilitating funding within the economic system and the automotive retail sector are a high precedence. Likewise, the automotive sector has invested closely in the course of the transition to electrical.
“NFDA urges HM Treasury to assist the automotive sector’s efforts to reaching the Authorities’s net-zero targets which the UK might want to unlock a long time of progress in cleaner highway transport.”