F&I Management & Training

'This latest interest rate reduction means that consumers will have a greater disposable income, which we hope will engender greater confidence,' said Sue Robinson, Director of the Retail Motor Industry Federation (RMIF), representing 8,000 businesses in the UK's retail motor sector including new and used car dealers, commenting on the announcement today (Thursday 5 March 2009). The UK interest rate has been reduced to 0.5 per cent from 1 per cent. Robinson continues: 'With a greater disposable income, many consumers should now feel more confident about major purchases. Car dealer showrooms are now providing a wide range of 'value-for-money' deals on financial packages as well as new and used car stock.'

DATED: 06.03.09

FEED: AW