NEW figures released by the Finance & Leasing Association (FLA) show 14 per cent growth in consumer new car finance volumes in October, compared with the same month last year, while consumer used car finance volumes grew by nine per cent over the same period.
The percentage of private new car sales financed through dealerships by FLA members reached a new record high of 75.9 per cent in the 12 months to October.
The FLA’s Geraldine Kilkelly said: ‘The consumer new and used car finance markets have reported new business growth in each month so far in 2014.
‘Both markets are heading for record years, with almost two million cars likely to be bought by consumers on finance provided through dealerships in 2014 as a whole.’
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