Analysis
Car finance sales better than expected
– total value of finance up 1% year-on-year despite number of units
financed falling 5%.
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March’s monthly statistics will be the
last distorted by scrappage, since the scheme came to an end at the
end of March 2010.
While the total value of used car
finance has been up year-on-year for several months, March 2011 saw
a drop of 3% compared to the previous year.
Business new car finance volumes fell 8% in March, and 5% in the
first quarter of the year, compared to the same period in 2010,
indicating that business confidence remains fragile.
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