16 June 2010
Thanks to the new ‘10’ plate, more than 95,000 new cars were sold via Car Finance through the countries dealerships in March. The FLA showed figures of -46% higher than the number sold last year.
The total March racked up £1.15bn of car finance deals and it shows a healthy growth. Paul Harrison, Head of Motor Finance at the FLA, said: "The figures for March are encouraging - it is always a strong month for lenders and dealers alike because of the new plate. We expect the figures for April to continue the strong sales trend, particularly for used cars as buyers return to that market."
Consumers seem to be finding their feet again after a horrible couple of years. Car sales, car finance and Car Loans are all on the rise. So it finally seems the motor industry is back on stable ground. We will have to wait and see if the trend continues in the forthcoming months, but with summer almost here, it’s looking pretty healthy all round for the world of motoring.
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