Close Brothers Motor Finance financed more Ford Focus’ than any other vehicle in 2016, the lender has reported.
Ford’s Fiesta model took the number two spot, with the BMW 3 Series, Vauxhall Astra and Corsa rounding out the top five.
The top ten also included the BMW 1 Series, coming in at sixth, followed by the Volkswagen Golf, Ford Transit, Mini Hatchback and the Vauxhall Vivaro.
Commenting on the figures, Paul Kaye, sales and marketing director at Close Brothers motor Finance, said: “It is unsurprising to see Ford dominate our most financed cars of 2016, with the Focus and Fiesta remaining the most financed vehicles of 2016, closely mirroring the SMMT’s statistics for 2016 sales. BMW 3 Series and 1 Series sandwich the popular Vauxhall Corsa and Astra models, perhaps indicating the aesthetic nature of BMWs.
“It’s also worth pointing out that our top 10 also includes two vans – the Ford Transit and Vauxhall Vivaro. 2016 has been a strong year for new and used sales across the board; however, strong continued demand for business and fleet markets has also been a highlight, which we’ve seen borne out in our own business performance in the light commercial vehicle sector.
2016 has been a great year for sales in both the new and used market, but the year ahead will be a different environment. With speculation of rising inflation amidst falling consumer confidence, we expect to see a rise in demand for affordable vehicles which will be matched by tailored finance packages.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData