Summary
THE number of used cars sold on finance rose for the fourth consecutive month, according to new figures from the Finance Leasing Association. Used car finance increased 7% by value and 11% by volume in October compared to October 2009, says the FLA.
The rise comes after the Government's scrappage scheme led to a shortage of quality used cars. Since then - and other incentives such as the 15% VAT rate - consumers have reverted to the used car market when replacing their cars. In the same month sales of new cars on finance dropped 11% compared to October last year, although the market was up 22% in the twelve months to October 2010.See the full content of this document
Extract
Used Car Finance Market Grows ; Drivelines
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