The number of new cars bought by consumers using dealer finance in November was up 7% compared with the same month in 2012. The consumer used car finance market recorded another strong month, with volumes 18% higher than in November 2012.
FLA head of research and chief economist Geraldine Kilkelly said: "The consumer new car finance market has reported moderate growth in the last couple of months, with the annual percentage of private new car sales financed by FLA members falling slightly from a peak of 74.5% in August to 74% in November.
Go deeper with GlobalData
"Motor finance providers remain optimistic about growth in 2014, and the FLA’s most recent confidence survey shows that the majority of respondents expect new business growth of up to 10% over the next twelve months."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
