![]() ![]() Necessary cookies enable core functionality. We use cookies to support your experience on our website, including to personalise content. Specifications, mileage and prices are subject to change, please contact us to confirm before travelling or a purchase is agreed. ![]() Spire Automotive Limited - Spire Lakeside Limited - Beadles Sidcup Limited - Think One Limited - Hodgson Automotive Limitedīeadles Aylesford Limited - Barons Automotive Limited - Beadles Medway Limited - Beadles Maidstone Limited - Beadles Dartford Limited - Beadles Coulsdon LimitedĪll photographs are for illustrative purposes only and may not depict the actual car. The following wholly owned group subsidiary companies are all Appointed Representatives of both Group 1 Automotive UK Limited and Barons Autostar Limited in regard to the specified activities in the regulatory disclosure above: Further information is available upon request. ![]() The lender we introduce you to will typically pay Group 1 Automotive UK Limited a commission. We can introduce you to a limited number of lenders and their finance products. Group 1 Automotive UK Limited act as a credit broker and not a lender. Barons Autostar Limited is a Credit Broker not a Lender. ![]() Barons Autostar Limited is authorised and regulated by The Financial Conduct Authority for Consumer Credit activities (firm reference number 685296) and an Appointed Representative of Group 1 Automotive UK Limited. Group 1 Automotive UK Limited is authorised and regulated by The Financial Conduct Authority for Insurance Distribution activities (firm reference number 671390). 6099813 Terms of Site Access Terms of Sale Online Privacy Policy Cookies Policy Privacy Statement Gender Pay Gap Corporate Referral Anti Slavery Statement Sitemap Complaints Processįinancial Disclosure: Finance subject to acceptance, over 18's only. This means that automakers should expect stagnant sales and even a decline in demand in the near future.First Point St.Leonards Road, Allington, Maidstone, Kent, England ME16 0LS In this context of uncertainty, the automotive industry will suffer because financing costs will become too expensive for prospective buyers. Bankrate says that the Feds haven’t increased rates three percentage points in a single year since the 1980s. To put things into perspective, the Federal Reserve increased interest rates by 0.75 percentage point at its September meeting for the third time this year, officially bringing the benchmark interest rate up to a target range of 3-3.25 percent - the highest since 2008. To make matters worse, experts forecast the Federal Reserve will continue to hike the interest rates in 2022 by another 1.25 percentages, which points to a desperate attempt to curb inflation. Furthermore, as price hikes impact necessary products, consumers might decide to shop only for the essentials, postponing big ticket items like cars. As consumer anxiety over the economy grows, the situation could get worse in the future. ![]()
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