Dealer finance could benefit from an increase in demand as rising base rates make it the most convenient option for buying a car, according to Sword Apak.…
Used car price tags rise in July as premium brands flatten out – Auto Trader
Average price tags for used cars from volume makers rose 8% year-on-year in July as the price point for second-hand premium vehicles flattened out, according to Auto Trader’s monthly Retail Pric…
Used car finance holds steady in Q2 as retail sales flatten
Used car finance volumes saw healthy double-digit growth in Q2, despite used retail sales keeping flat around the 2.1m mark over the same period, according to the FLA and SMMT.…
SMMT: steady 1.2% growth in new car sales in July
The number of new cars sold in Britain grew 1.2% year-on-year to just under 164,000 in July, according to figures from the Society of Motor Manufacturers and Traders.…
UK car finance payments hit £1bn a month, Kwik Fit finds
Car finance payments across the UK bring in £1bn every month, research commissioned by Kwik Fit has found, with the average payment standing at £226.12.…
ACEA: EU car registrations up 2.9% in first half of 2018
Passenger car registrations across the European Union grew 2.9% year-on-year in the first half of 2018, reaching 8.4m vehicles, according to the European Automobile Manufacturers Association.…
ACEA says EU targets over EVs “unrealistic”
The European Automobile Manufacturers Association (ACEA) criticised the European Commission’s proposed 2030 targets for electric vehicles (EVs), calling them “completely unrealistic”…
Cap hpi: Cars increasingly sold with outstanding finance
The number of cars sold with finance still owed on them rose to one in three in the first four months of 2018, up from one in four during 2017, vehicle history database HPI has said.…
FLA: Retail car finance business down 5% in March
Retail car finance business in March fell 5% year-on-year to £4.8bn (€5.4bn), figures from the Finance and Leasing Association (FLA) have shown.…
Close Brothers survey: Brexit making car buyers cautious
Just under a quarter of recent car buyers used finance for their purchase, a rate that will remain stable for the near future, according to a Close Brothers Motor Finance survey.…