Press Release
FLA
Overview
· Finance provided for new car purchases fell 5% by value and 15% by volume compared with June 2004. Demand for business new car finance contracted for the first time since July of last year.
· Used car finance was down 4% by value and 6% by volume in June compared with the same month a year ago. June was a good month for the business used car sector with demand up for the first time since November 2004.
New business | June 2005 | % Change |
Finance provided (£m) New cars Used cars Cars financed (No.) New cars Used cars | 1,067 595 85,063 66,724 | -5% -4% -15% -6% |
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