F&I Management & Training

More people in the UK could use car finance deals to buy a new motor this year, research suggests.The AA has found that the demand for new registration cars increased by 22% in the last year - indicating that increasing interest rates had little effect on consumers.Despite rising fuel prices and new road user charges, 33% of those questioned revealed that they plan to buy a new car in the coming 12 months.In particular, people over 55 are driving the market for new cars - with 52% planning on maybe using car finance to buy a new motor in the next year. This compares to just 20% of those aged between 25 and 35.

DATED: 31.08.07

FEED: AW