Analysis
– Consumer new car finance provided through dealerships recorded double-digit growth for the tenth consecutive month in October.
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– Finance sold in dealerships is now used by 70.2% of all consumers who buy a new car. The market share was 64.2% in January of
this year.
– The use of motor finance by businesses also saw a significant jump in October with the number of new and used cars financed up by 18% and 204% respectively.
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