Analysis
– In September, more than 170,000 new and used cars worth more than £2bn were bought by consumers using dealer finance. The figures include a 34% increase in the value of advances for new cars and a 1% increase in advances for used cars.
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– Paul Harrison, head of motor finance at FLA, said: "Car dealerships are offering affordable, flexible and widely accessible finance arrangements across the UK. This has played a key role in sustaining significant lending growth and we expect the trend to continue in the months ahead."
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By GlobalData
