Car and van sales are going to smash predictions and be much higher than originally thought. The growth will apparently continue for the next two years with car sales breaking the 2 million mark according to SMMT.

This means Car Finance is also on the rise, which is a stark contrast to just over a year ago. The announcement came after the first quarter results were released.  SSMT predicts the new car market to reach 1,924,000 units this year, which is 3.6 % down from 2009 but a healthy 107,000 units in front of the 1,817,000 predicted in January.

Chief executive Paul Everitt states "The SMMT's latest forecasts reflect the better than expected results in the first quarter and improving consumer confidence."

The boost in sales and figures will no doubt give the buying public a confidence boost and car finance will surely only go from strength to strength.