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The asset finance market continued to grow in 2016, in spite of fears of what might happen in the aftermath of the vote to leave the EU and shows little sign of slowing.
There are genuine concerns about the potential effects of Brexit, even though the UK won’t be exiting the EU until 2019.
Tariff and barrier-free trade is critical to the future UK automotive production post Brexit as the majority of components used in UK-built vehicles come from Europe.
Concerns expressed in the industry include the potential impact of Brexit on interest rates, currency exchange rates and the effect this could have on pricing and inflation.
Auto finance deals are expected to remain very competitive. Dealers need to ensure customers understand the benefits of finance. Keeping up with developments in finance technology is paramount.
- Rob Abrahams, Head of Market Development, carwow
- Chris Bosworth, Director of Strategy, Close Brothers Motor Finance
- Dean Bowkett, Managing Director, Bowkett Auto Consulting
- Austin Collins, Managing Director, BuyaCar.co.uk
- Adrian Dally, Head of Motor Finance, Finance & Leasing Association
- Sébastien Duval, CEO, AUTOi
- David Hosking, CEO, Tusker
- Richard Jones, Managing Director, Black Horse
- Gerry Keaney, Chief Executive, BVRLA
- Alastair Kendrick, independent company car taxation consultant
- Jon Lawes, Managing Director, Hitachi Capital Vehicle Solutions
- Rupert Pontin, Director of Valuations, Glass’s
- Kit Wisdom, Head of Technical Services, Alphabet GB Limited