According to recent car finance news, Welcome Car Finance had a good first quarter of 2008, in line with management expectations. Cattles, the parent company, expressed confidence in 2008 full-year results.

Welcome Finance services, which include Welcome Car Finance, found significant demand for products, with volume up 18% on last year results. Welcome are carefully managing customer credit quality.

Welcome Car Finance recently hit the news when they announced that they would offer finance products only in-house, rather than through a network of independent dealerships . Furthermore, the company will now prioritise better credit customers and more expensive vehicles .

The Chief Executive Officer of Cattles, David Postings, reportedly commented: We look forward to the continued successful development of the businesses and view the Group's prospects for 2008 with confidence.