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UK car sales to be boosted by car finance

Sales of new cars are expected to increase in the second half of this year, boosted by companies launching new models onto the market and the easy availability of car finance.

Sales of new cars are expected to increase in the second half of this year, boosted by companies launching new models onto the market and the easy availability of car finance.

The figures comes from industry body SMMT, and show a slight increase in overall sales in June, with exports showing a strong increase of 2.3 per cent just in the last month.

Commercial vehicle sales saw the biggest rise in June, increasing by 19.8 per cent for domestic sales and 7.3 per cent for exports, no doubt helped by secured car finance.

"Over the first half of the year, UK car production totals stabilised at 2006 levels," said Christopher Macgowan, SMMT chief executive.

He added that "output is expected to pick up in the second half of the year with growth coming from investment in new models across sites in the UK".

"Forecasts suggest 2007 should end level with 2006 at 1.44 million units, with nearly eight in ten cars destined for export."


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