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The Finance & Leasing Association (FLA) has released figures for the motor
finance industry for March.
The value of finance provided for new cars increase by 17% compared with the
same month a year ago.
The corresponding number of new cars financed grew by 8%.
Finance provided for used cars increased by a modest 1% compared with March
2005, whilst the number of used cars financed contracted by 3% over the same
period.
Commenting on the latest figures, Geraldine Kilkelly, FLA’s Head of Research,
stated: “Growth in new car finance in March was driven by demand from both
businesses and consumers.
"The early part of 2006 has seen tentative signs of recovery in the fortunes of
dealer finance.
"However, market conditions remain tough and the industry will need to work hard
to sustain the positive start to the year.”
Source:
Getting Paid
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