Analysis
Figures show good performance from the motor market in the first half of the year, with consumer new car finance growing 31% by value. FLA members’ penetration of the private new car registrations market increased to 73.6%. Year-to-date growth of 3% in business new car finance is encouraging after a flat year.
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FLA head of motor finance Paul Harrison said: "These continuing healthy figures support a general picture of improving consumer confidence. With interest rates set to remain low, there appears to be a positive outlook for consumer demand."
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