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Paragon reports car loan business boost

Paragon Car Finance has today reported an 18 per cent increase in its vehicle loans portfolio and a 7.7 per cent increase in new advances for the six months ended 31 March 2003.

Commenting on the performance, managing director Steve Potter said: "We are delighted with these results, especially as they have been achieved against volatile and unpredictable market conditions. The figures underline the fact that Paragon Car Finance (PCF) continues to maintain its support from dealers, whilst volumes remain stable against plan.”

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