Thursday, May 17, 2007
Car finance market stagnates
The number of new cars purchased on finance remained stagnant in March despite it being one of the best sales months in years.
Latest figures from the Finance and Leasing Association show that the number of cars bought on finance by consumers was identical compared with the same month last year at almost 150,000 units.
The used car sector fared poorly as new business financing levels plummeted by 10 per cent, highlighting a significant decline in the number of used cars bought by consumers on finance.
DATED: 17.05.07
FEED: MT
Latest figures from the Finance and Leasing Association show that the number of cars bought on finance by consumers was identical compared with the same month last year at almost 150,000 units.
The used car sector fared poorly as new business financing levels plummeted by 10 per cent, highlighting a significant decline in the number of used cars bought by consumers on finance.
DATED: 17.05.07
FEED: MT
