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Commercial Credit News
|New 65 registration plate contributes to robust growth in motor finance|
|Thursday, 05 November 2015|
New figures released today by the Finance & Leasing Association (FLA) show that point-of-sale consumer new car finance was up 10% by volume and 16% by value in September, compared with the same month last year.
The percentage of private new car sales financed by FLA members through dealerships was 79.6% in the twelve months to September 2015 – another record high.
The point-of-sale consumer used car finance market also reported new business volumes up by 10% in September, while the value of new business increased by 13%.
Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “In September, the point-of-sale consumer car finance market has continued to grow in line with our expectations for 2015 as a whole. The range of finance products available to consumers through car dealerships has contributed to more than four years of consecutive monthly growth in new business volumes.”
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