Friday, July 06, 2012
utstanding finance on acquired stock up 4.8%
Finance due on used cars is an increasing risk for dealers, according to first quarter analysis by the information services company Experian.
Over 800,000, or 27%, of the more than three million used vehicles checked by traders using Experian’s AutoCheck service between January and March 2012, were found to have outstanding finance, 4.8% up on the same period last year.
Less than 3% were found to be previous insurance write-offs and 0.3% had been reported as stolen.
DATED: 06.07.12
FEED: MF
