The Finance and Leasing Association (FLA) released its latest figures today, which also showed used car finance last year was down slightly on 2004 by 1%. The volume of used cars financed increased by 4%.
The FLA said: “The reduction in new car volumes was driven primarily by a contraction in finance provided via dealerships to consumers.”
|New business||Dec 2005||% change||12 mths to Dec 2005||% change|
|Finance provided (£m)|
|Cars financed (No.)|