Motor Industry welcomes block exemption renewal

17 July 2002 #SMMT News

The motor industry today welcomed the renewal of the European

block exemption regulation. This is an indication that the European Commission

recognises that the new car market requires special rules to protect consumers.

The UK is the second largest new car market in Europe, and

last year enjoyed record figures for new car sales. Consumer confidence in UK

dealers and the current system has continued into 2002, and SMMT expect total

sales for this year to reach 2.4 million, the second highest on record.

Motor manufacturers will now work within this new framework

to ensure that there continues to be a competitive marketplace serving consumers.

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