The National Franchised Dealers Associations (NFDA) has indicated that it is keen to learn what influence new Vertical Block Exemption Regulation from the European Commission (EC) will have on the UK’s Competition and Markets Authority (CMA).
The National Franchised Dealers Association (NFDA) has assured its members that it is continuing to scrutinise several “issues and ramifications” linked to car manufacturers’ implementation of agency model car retail.
The promise of standardised pricing and an end to showroom haggling mean that 55% of car buyers would prefer an agency model in the automotive retail sector, according to What Car? research.
Mercedes-Benz has reached an agency model agreement with its retailers which will lead to the introduction of the new retail framework in the UK from 2023.