Used vehicle compensation can be 'following large mis-selling scandal'

as mentioned in Fresh figures launched today by the Finance & Leasing Association (FLA) the number of vehicles purveyed on finance at the point of discount fell seven% in 2017 When the Price rose two%. The used vehicle finance sector turned in a stronger performance by the number of vehicles purveyed by dealers hight six% & Price hight twelve% in 2017. The POS user used vehicle finance market announced Fresh business development in December of eight% by Price & three% by volume. "A tougher Fresh vehicle market often results in further low mileage, almostFresh stock by attractive offers for consumers. year Fresh vehicles Price of advances (£m) one,102 -nine three,926 -two 18,784 +two Number of vehicles 54,589 -15 198,222 -ten 990,029 -seven Used vehicles Price of advances (£m) 971 +eight three,633 +14 15,436 +twelve Number of vehicles 81,488 +three 309,269 +eight one,357,216 +six Total vehicles Price of advances (£m) two,074 -two seven,559 +five 34,220 +six Number of vehicles 136,077 -five 507,491 0 two,347,245 0

Number of Fresh vehicles purchased on finance in 2017 falls 7 per cent

user vehicle finance figures stayed standard in 2017, by Fresh vehicle volumes falling When used vehicle volumes grew. In the Fresh market, 990,029 vehicles were purchased on finance, drop 7 per cent. meantime in the used vehicle market, the numbers of vehicles purchased on finance grew by 6 per cent to one.36 mn vehicles. In 2017 as a whole, Fresh business increased 2 per cent by Price & fell 7 per cent by volume. The POS user used vehicle finance market announced Fresh business development in December of 8 per cent by Price & 3 per cent by volume.

FLA: Number of Fresh vehicles purchased on finance shrinks in 2017

as mentioned in The total number of Fresh vehicles purchased on finance shrank over the course of 2017, though this number was compensated for with a growing used vehicle market, according to the Finance & Leasing Association (FLA). The 990,029 Fresh vehicles purchased on finance represented a seven% down compared to 2016. A six% development in the used vehicle sector to one,357,216 meant which overall two.5m vehicles were purchased on finance, overall – flat compared to 2016. The finance penetration for Fresh vehicles over 2017 was 88.two%, compared to 88.one% in 2016. Geraldine Kilkelly, head of study & chief economist at the FLA, said: "Fresh business volumes in the POS user vehicle finance market reached two.three mn in 2017 – a similar standard to 2016.

collected by :Haily Jackson

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