Car supermarket keep fortunes high

Thu, 07 Feb 2008



Despite the global credit crunch impacting on financial markets both in and outside America, and reports that the American car finance industry is in trouble, car supermarket Motorpoint is apparently weathering the hardship in some style.

As consumers find it increasingly more difficult to borrow vehicle finance to pay for a new or used car, and many car dealerships face financial pressure, Motorpoint has reported a strong surge in January sales.

Motorpoint say that their customers have the advantage of a wide variety of models and makes, with tailor-made car finance programs in place to fun buying new or used cars . Motorpoint provide a specific car finance policy called Boomerang, which is underwritten by Blackhorse, Lloyds TSB.

The Managing Director of Motorpoint, David Shelton, was reported in the car finance news as saying: "Whilst franchise retailers are looking to adapt the profile of their forecourt stock to compensate for a less buoyant market, we are able to offer vehicles across the spectrum, spanning from city cars to stylish cabriolets, which means that there is something to suit everyone’s pocket. This is a very encouraging start to the year."
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