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Commercial Credit News
|Consumer new car finance volumes up 6% in May|
|Thursday, 09 July 2015|
Figures released today by the Finance & Leasing Association (FLA) show the number of new cars bought on finance provided through dealerships grew 6% in May, compared with the same month a year earlier – with average advances to consumers for new car purchases up 4% in May to £16,500 compared with May last year.
As a result, the percentage of private new car sales financed by FLA members through dealerships reached 77.6% in the twelve months to May 2015, a record high.
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