The new Competition Act 1998 (Motor Vehicle Agreements Block Exemption) Order 2023 (‘MVBEO’) came into force on 1 June 2023. Typically, agreements that hinder competition are prohibited under UK competition law; however there are certain exemptions available where the agreements provide sufficient benefits to offset any anti-competitive aspects. The new MVBEO will provide a UK […]
The Motor Ombudsman has reported an increase in complaints relating to electric vehicles in the last year, with 273 electric vehicle complaints being made between January 2023 – March 2023 alone. Whilst the headline is stark, the increase in complaints relating to electric vehicles is in line with the increase in sales of electric vehicles […]
Arguably, the main change currently taking place within the automotive retail sector, is OEMs compelling their dealers to move away from the traditional franchise model, to either “pure” agency or hybrid models (franchise and agency combined). Many dealers remain unaware of how the transition to agency might affect them and are unsure of their rights […]
In a recent judgment, the High Court has delivered a far-reaching and critically important judgment for automotive dealers across the United Kingdom, finding that a Franchise Finance Provider is entitled to terminate financing services – which dealers depend upon to survive – and contracts on only seven days’ notice. Background to the judgment Freeths LLP […]
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