Members of trade body the Finance and Leasing Association helped finance 716,889 new car registrations for consumers in the 12 months to April 2013, giving a penetration rate of 73.2%, compared to 72.9% in March and setting a new record.
The figure was also up by 28%, year-on-year, and April itself saw 66,074 new consumer cars financed, up 37% year-on-year.
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The number of new cars leased by businesses in the 12 months to April 2013 was 396,380, up by 1%, although down 3% for the three months to April.
The story was reversed in the used car market, with 72,286 cars financed for businesses in the 12 months to April 2013 meaning 55% growth on the previous year and April itself seeing 25% growth year-on-year.
For consumers, however, 810,953 used cars were bought on finance in the year to April 2013, up 7% year-on-year, despite 25% growth recorded in the month of April.
Further data and analysis from the FLA will be published in the June issue of Motor Finance magazine.
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