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Finance deals fall in June

Finance provided for new car purchases in June 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.

According to figures released by the Finance and Leasing Association, 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.

The consumer figures relate only to motor finance provided at the point of sale. Direct personal loans are not included.

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