Categories : Auto Repair

 
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See all stories on this subject More UK Car Buyers Protecting Credit Through Dealerships

Automobiles bought on finance from dealers amounted to 80,531 in June with a worth of £& pound; 1.53 billion. The U.K. point-of-sale (POS) customer new-car finance company grew 16% in worth and 11% by volume in the year’& rsquo; s very first half, the Finance & Leasing Assn. says. The marketplace reached the midway mark in a strong position, with June’& rsquo; s brand-new business up 10 %by value year-on-year and 5% in volume. The association states the percentage of private new-car sales funded by its members through the POS reached 84.9% in the 12 months to June, up from 84.3% in the 12 months to Might. “& ldquo; Despite modest contractions in private new-car registrations in recent months, FLA members have continued to report growth in new company volumes,” & rdquo; FLA Chief Economist Geraldine Kilkelly says in a statement. Vehicles bought on finance from dealers amounted to 80,531 in June with a value of £& pound; 1.53 billion($ 2 billion), taking the total for the 12 months through June to 1.04 million systems and the funding to £& pound; 17.5 billion($ 22.9 billion). The number of automobiles bought on financing by businesses was unchanged at 47,163 systems in June, with the 12-month overall through June down 1% to 508,205. In 2014, FLA members offered £& pound; 37 billion ($48.4 billion) to fund the purchase of new and secondhand cars, including more than 80% of personal new-car sales … See all stories on this topic

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