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Graeme Chaplin, the Bank of England’s Agent in the West Midlands, met members of the Coventry and Warwickshire Chamber of Commerce on a virtual roundtable to up
Car retailers are expected to shrug off the key performance indicators (KPIs) of the past as they prepare for a 2023 economy which will see recessionary consumer spending habits layered on top of ongoing vehicle supply issues.
The automotive sector will be able to “grow and thrive” despite a whole list of issues facing the sector in a challenging 2023, the Vehicle Remarketing Association (VRA) has said.
The automotive retail sector’s supply issues and buoyant used car residual values have been described as a “happy accident” preventing the motor finance sector from “blowing up”.