Following a year of growth Car Loan 4U has become the most visited car finance broker online in 2013, according to figures from Experian Hitwise.
The Macclesfield-based broker, specialising in online applications and direct-to-consumer loans, has been top of the weekly table compiled by Experian Hitwise, supplier of information on UK internet usage, for the week ending 9 February with a 44.50% share of online visits to motor finance intermediaries.
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According to the list, the top five remained unchanged for the four weeks ending 9 February, with www.carfinance247.co.uk in second place, Creditplus.co.uk third, followed by Finance A Car and then www.infinitycarfinance.co.uk.
Car Loan 4U has also reported its car loan completions have risen by 110% in the past 12 months and the company is predicting 120% year-on-year growth for the current financial year. According to the company, most loans were completed for purchases of Audi, Ford, Mini, Vauxhall and Volkswagen models.
James Wilkinson, co-director of Car Loan 4U with Ryan Dignan, attributed the company’s success to its web specialism: "The transition from online car shopping to offline purchasing is not as smooth as it could be, and Car Loan 4U provides an unmet need for consumers.
"The last 12 months have been our most successful yet, which has led to record web visitors, car loan completions and establishing a partnership with Auto Trader. We have doubled both in terms of revenue and team members over the last year."
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By GlobalDatarichard.brown@timetric.com
