Liquidity shortage causes increased
caution in car replacements

Polling of 4,500 motorists by car supermarket Motorpoint has
found that financial uncertainty has prompted 69.8 per cent to
delay car replacement.

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Motorpoint, however, reported a 7.6 per cent sales increase,
partially attributed to the continuing popularity of its finance
packages such as Boomerang, launched with Lloyds TSB’s motor
finance arm Black Horse Motor Finance in the late 1990s.

One in three carbuyers at Motorpoint takes out a finance agreement
at the point of sale, the supermarket said.

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