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More cars are being bought on dealership finance, says FLA

Time 6 years ago

FLA LogoTHE number of new cars bought by consumers on finance provided through dealerships grew by 15 per cent in June, compared with June 2014 – the strongest growth seen this year.

The percentage of private new-car sales financed by FLA members through dealerships in the 12 months to June 2015 increased to a new high of 78.1 per cent.

Point-of-sale consumer used-car finance volumes also continued to grow, increasing by seven per cent in June compared with June 2014, and by nine per cent in the 12 months to June 2015.

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Geraldine Kilkelly, head of research and chief economist at the FLA, said: ‘As we forecast at the beginning of the year, point-of-sale consumer car finance volumes have continued to grow in 2015, but at a slower rate than in 2014.’

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Dave Brown's avatar

Dave, production editor on Car Dealer Magazine, is a journalist with more than 30 years' experience in the worlds of newspapers, magazines and public relations.

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