Consumer new car sales using dealer finance saw a 19% rise in September compared to last year, according to data released by the Finance & Leasing Association (FLA).
The figures show that 127,570 were sold using dealer finance in just one month as the traditional rush for new registration plates came in.
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The sales of cars using dealer finance for the three months to the end of September 2013 also jumped 20% year-on-year to over 227,000. For the year, like for like sales were up 25% on 2012.
Financed deals for used cars saw even stronger growth in September climbing 23% to 80, 000 year-on-year.
Overall financing for used car sales stood at 871,658 for the year, up 13% on 2012.
Sales to business sales and overall penetration were not so positive for September. New sales to business declined 2% in financed deals compared to 2012 with just 34,308 deals. Used sales were up 9% but full sales figures were only just above 3,000.
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By GlobalDataPenetration was marginally down on the same period last year, with dealers reporting 74.2% versus 74.5% last month.
This marks the first fall in monthly penetration rate in 30 months.
