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Car loans an option for healthy auto market

The number of people opting for car finance could grow as one expert claims the new and used car industry is in good health despite rising interest rates.

The number of people opting for car finance could grow as one expert claims the new and used car industry is in good health despite rising interest rates.

A spokesman for auto dealers Lookers, said that orders for September are looking positive and further growth was expected for the rest of 2007, according to the Telegraph.

Ken Surgenor, chief executive of Lookers told the newspaper: "The second half of the year has started well against strong comparatives."

He added: "Trading since the period end has remained in line with expectations and the order book for September is also ahead of last year."

The dealership claims to have a rise in pre-tax profits and is reporting a good performance from sales of Vauxhall and Mercedes.

Last month a survey by Manheim revealed that during the first half of 2007 used car transactions in the UK totalled 3.89 million, according to AutoWired.


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