Monday, July 03, 2006

Motor finance market recovers in May

The motor finance market made a recovery in May following an exceptionally poor April.

According to the latest figures from the Finance and Leasing Association, the number of new cars purchased on finance increased by 4 per cent compared with May 2005.

Finance provision in the used car sector remained constant with May 2005 figures but fell 3 per cent in the latest twelve-month period.

DATED: 03.07.06

FEED: MT





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