2008
The past year’s difficult economic conditions have taken their
toll on the NACFB’s membership, with the association’s annual poll
of members showing that vehicle finance written by members dropped
by 14 per cent compared with 2007, to £1.1bn (2007: £1.3bn).
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Total business in all areas written by members, however, fell by
19.5 per cent to £15.4bn, suggesting that vehicle finance brokers
did not perhaps fare as badly as intermediaries in other sectors.
Membership grew by 9 per cent over the period, chief executive Adam
Tyler reported.
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