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The National Franchised Dealers Association (NFDA) today presented evidence to the Supreme Court, in the appeal against the decision on motor finance commission in Johnson v FirstRand Bank Limited, Wrench v FirstRand Bank Limited and Hopcraft v Close Brothers.
NFDA said it was “firmly rejecting” the notion that its members have conducted their businesses by accepting bribes over the decades.
It argued that car dealers are a prime example of traders who are understood by the public to act in their own interest when dealing with consumers.
Consumers, it said, do not approach car dealers with the expectation that they are acting without self-interest regarding the products they sell, whether it be cars, accessories, service and maintenance plans, or finance options.
It emphasised that consumers expect motor dealers to act commercially in relation to these products, and do not seek financial advice from them, but rather aim to purchase vehicles.
Sue Robinson, chief executive of NFDA, said: “As the representative of the consumer-facing part of the automotive sector, NFDA is committed to ensuring the fairness of the UK automotive sector.
“Our representations to the Supreme Court on the second day of proceedings are aligned to that commitment.”
NFDA’s full written submission to the Supreme Court can be found here
NFDA’s oral submission to the Supreme Court can be found here.
