Skip to content

Car finance figures for August revealed.

The latest information regarding car finance figures is in, and it’s a bit topsy-turvy. According to the Finance and Leasing Association (FLA), new car finance sales fell during the month of August – while used car finance actually rose.

The latest information regarding car finance figures is in, and it’s a bit topsy-turvy. According to the Finance and Leasing Association (FLA), new car finance sales fell during the month of August – while used car finance actually rose.

New dealer car finance fell by 12 per cent, compared to the healthy growth of 21 per cent for used car finance.

Paul Harrison, the FLA’s Head of Motor Finance said: "Following the withdrawal of a range of incentives to buy new, consumers have returned to the used car market where lower prices are attractive and mean that buyers need to borrow less,"

"While we expect sales of new cars, particularly prestige cars, to recover slightly towards the end of the year as consumers seek to beat the VAT increase, there is also the, as yet unknown, effect on consumer confidence of this week's Comprehensive Spending Review."

Posted by on

Back to October 2010

Back to top