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SMMT says car finance and sales will rise

Chief executive of the SMMT, Paul Everitt, has eased fears that the car finance and sales industry is on course for more low figures. Talking to Autoblog, Everitt stated that car sales will rise but it will take a considerable amount of time.

Chief executive of the SMMT, Paul Everitt, has eased fears that the car finance and sales industry is on course for more low figures. Talking to Autoblog, Everitt stated that car sales will rise but it will take a considerable amount of time.

'I think the truth is that we are in for a long haul here,' said Everitt. 'We're not going to suddenly see a big bounce and the hundreds of thousands of car units we've lost during the recession suddenly rebound.

'Everybody has to steal themselves to the fact that the economic circumstances mean that growth will be slow and will take a while. It's going to be two or three years before perhaps we start to get back to levels we might be more familiar with.'

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