NEWS

Finance up a third

NEW car finance sales were up 33 per cent by value and 22 per cent by volume in March compared with March last year. New data from the Finance & Leasing Association shows that finance sold in dealer showrooms accounted for almost two thirds (65.9 per cent) of all private new car sales over the last [...]

	Illegal car sales rising
SELLING a car which you do not yet own is the most common type of car fraud, according to figures released today by the FLA. ‘Conversion fraud’ – where motorists sell cars they do not own – accounted for almost 40 per cent of all car finance frauds in the last three months of 2011. [...]

	Surprise leap in finance
MORE than 33,000 people bought new cars using car finance in January, according to the Finance & Leasing Association. The figure was a 42 per cent increase in the value of new car finance provided to consumers compared with the same period last year. January is traditionally a slow month for sales of cars on dealer [...]

	1.25m car sold on finance
ALMOST two thirds of new cars were bought by consumers using dealer finance last year, almost ten percentage points up on 2010. The number of new cars bought by consumers using dealer finance in 2011 was up by one per cent to almost 517,500, or 62.9 per cent of the total, according to statistics from [...]

	Finance still growing
NOVEMBER’S figures showed that dealer motor finance remained UK consumers’ first choice for new cars, new figures suggest. The Finance & Leasing Association’s latest figures show that 61.5 per cent of consumers buying a new car in the year to November used motor finance provided through dealers, almost ten percentage points up from November 2010. [...]

		Dealer finance falls lessen
		CAR buyers taking up car dealer finance stemmed a trend of increasing declines in uptake last month. The number of buyers using car dealer finance still fell by 6 percent compared to July 2008. This was, however, the smallest fall in private car buyers taking up car dealer finance since September 2008. It will hopefully [...]
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		Finance web advice
		IMPARTIAL advice on using finance at car dealerships is now available on a new website from the FLA. Through www.financingyourcar.org.uk, buyers of the 53 percent of new cars purchased using car dealer finance will find top tips. This should help make buyers better clued up when they visit car dealers. It supports the recently-launched Specialist [...]
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		Dealers top for finance
		GROWING numbers of new car buyers are choosing car dealer finance to fund their next new motor. The FLA has just released latest figures, showing that 52.9 per cent of car buyers are choosing car dealer finance. This is nearly a 3 percent rise on May 2008 figures. What’s more, a turnaround in overall car [...]
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		Dealer finance gloom
		CAR dealers report that new car finance business volume remains down in 2009, as the recession continues. April showed a fall of 32 percent in new car dealer finance, compared with 2008. It continues a trend seen throughout 2009; the year-to-date decline stands at 28 percent, reports the Finance and Leasing Association. Rare good news, [...]
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		SCRAP: Finance hope
		FLA chief Stephen Sklaroff says the car finance industry hopes the new car scrap scheme will work. A much-needed increase in demand for new cars is vital, he said. However, he added, if it does work, ‘the increased demand for finance – perhaps as much as £1 billion – will reinforce the need for urgent [...]
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