Analysis
- The number of new cars bought on finance continues to grow strongly, largely due to deals offered by lenders in showrooms. The industry provided £9bn of finance for consumers to buy over 650,000 new cars in the 12 months to November 2012.
- PCP agreements now account for 63% of total new showroom finance agreements by value.
- Paul Harrison, head of motor finance at the FLA said: "These figures show continued strong growth in the new car market as incentivised deals continue to make new car prices attractive for buyers."
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