New car finance sales up by 33%
Despite the ongoing recession the UK finds itself in, the car market continues to perform well as new car finance sales are soaring, according to figures from the Finance & Leasing Association (FLA).
The trade body revealed that the value of these sales were up by 33 per cent while the volume levels also increased by 22 per cent from March showing that the automotive sector is continuing to perform well.
Officials at the FLA have noted that the latest findings means that finance in dealer showrooms accounted for 65.9 per cent of all private car sales, up from the 56.6 per cent figure for the same period in the previous year.
Paul Harrison, head of motor finance at the FLA, said: "The strong new and used car finance growth figures in the important month of March are good news for the UK motor industry."
The latest positive figures only add to January's findings by the FLA which saw a 42 per cent rise in sales from the previous year.
For the #1 motor trade insurance, visit ChoiceQuote
ChoiceQuote Personal Insurance
ChoiceQuote and ChoiceQuote Commercial Insurance are trading names of Bollington Insurance Brokers Limited Registration Number 02918954.
Registered Office: Adlington House, Adlington Road, Bollington, Macclesfield, Cheshire SK10 5HQ. Bollington Insurance Brokers Limited is
authorised and regulated by the Financial Services Authority. Part of The Bollington Group (Holdings) Limited. We are recognised as an Investor in People.
Trafalgar House, 110 Manchester Road,
Altrincham, Cheshire WA14 1NU.
0800 731 8509
10 Tapton Way, Wavertree,
Liverpool, Merseyside L13 1DA.
0800 440 2179
Unit 1.4, The Hub, Pacific Quay,
Glasgow, Scotland G51 1EA.
0141 626 1898
ChoiceQuote Insurance Services Terms of Business
ChoiceQuote Personal Insurance is a trading style of Carole Nash Insurance Consultants Ltd registered in England and
Wales No. 764865580. Registered Office Address Trafalgar House, 110 Manchester Road, Altrincham, Cheshire WA14 1NU.
Carole Nash Insurance Consultants Ltd is authorised and regulated by the Financial Services Authority.
ChoiceQuote Personal Insurance Terms of Business.
Carole Nash Insurance Consultants Ltd is regulated by the Ministry of Justice in respect of regulated claims
management activities; its registration is recorded on the website
Online sales and quotation service is currently only available to UK mainland customers. Calls may be recorded for training and monitoring purposes.
Site Map | Privacy Statement | ® Copyright ChoiceQuote Insurance Services Ltd 2013