This ruling will come as a welcome relief to the automotive industry. Most people choose to buy new cars, especially, using finance, and this ruling reduces the likelihood of mass compensation claims, which could have affected lending to the sector.

Key spokesperson

Ian Plummer

Commercial Director

CONNECT

"It will be some weeks until we have complete clarity on next steps following the ruling, but continuing the process of informed consent, whereby retailers flag the level of commission they’re receiving, is a pragmatic solution, ensuring transparency for millions of buyers, whilst minimising the impact on an industry that contributes billions to our economy. And it’s one that has proven successful, with just a tiny number of buyers objecting to disclosed commission, it highlights the perceived value and service retailers are consistently providing.”

“On Auto Trader, we’ve already made it easier to see finance details and in the process given our 10 million monthly visitors more control and choice when exploring their options. Millions of people are still browsing the 300,000 vehicles with finance options on our platform every month and they can now do so with even more confidence.