Analysis

During 2012, motor finance providers saw a 14% rise in the total number of new and used cars bought by consumers and businesses using dealer finance. A total of 1.91 million cars were financed, compared with 1.67 million in 2011.

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Paul Harrison, head of motor finance at the FLA said: "The number of cars financed by FLA members is at its highest level since before the start of the recent financial crisis. The factors underpinning consumer confidence in motor finance seem likely to continue.

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