Car and car finance markets tough for 2010

Wed, 23 Dec 2009



According to recent reports in the car finance news, market conditions for car sellers will remain tough during 2010. According to the Retail Motor Industry Federation, RMI, the continued recession couple with the end of the car scrappage scheme will knock consumer confidence.

The news was broken despite positive news from the Finance and Leasing Association last week, who showed strong demand for new car finance . Fears for motor traders are that 2010 could be even more adverse than 2009.

Sue Robinson of the RMI was reported as saying: "This too will have an impact on point of sale finance as consumers could delay large purchases."
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