8:21 am, August 12, 2013
NEW car finance grew by 31 per cent in the first six months of this year, new figures from the Finance and Leasing Association (FLA) reveal.
The FLA calls the finance motor market’s performance ‘good’ and that demand is still ‘strong’.
FLA members’ penetration of the private new car registrations market increased to 73.6 per cent. Year-to-date growth of three per cent in business new car finance is encouraging after a flat year.
Paul Harrison, head of motor finance at the FLA, said: ‘These continuing healthy figures support a general picture of improving consumer confidence. With interest rates set to remain low, there appears to be a positive outlook for consumer demand.’
