The Finance and Leasing Association (FLA) figures show that the rate of contraction in the number of new cars purchased on finance by consumers was at its lowest level since December 2003.
Used car finance was up 4% by value and 3% by volume compared with May 2004. Both business and consumer used car sectors saw volumes grow for the first time since November 2004.
|New business||May 2005||% Change|
|Finance provided (£m)|
|Cars financed (No.)|