Autotrader supports ‘pragmatic and proportionate approach’ from FCA

Autotrader says it is vital the compensation scheme doesn’t inadvertently affect the market.

“We support this pragmatic and proportionate approach from the FCA that strikes the right balance between ensuring robust protection and transparency for consumers, while underpinning the stability of an automotive sector,” Rachael Jones, Autotrader director, says.

“Modern car buyers expect transparency and choice and we’ve long made finance details highly visible on more than 300,000 vehicles advertised on Autotrader to help build consumer confidence and trust.”

Jones says most buyers rely on finance to fund their next car purchase.

“It is vital this sector can continue to help them access the vehicles they want,” she adds.