According to
car finance news reports, the boom in
car production during January could boost
car finance sales during 2010. The Society of
Motor Manufacturers and Traders released data showing a 58.5%
increase in
car production during 2008, the largest monthly rise since May
1996.
The figures could show increased confidence amongst consumers, and
a gradual improvement in the availability of
vehicle finance . One expert at Think Money reportedly said:
Car sales have been relatively low over the past year due to a
combination of low demand and a lack
of car finance availability. But more recently we`ve seen an
increase in the availability of car finance, which may have
contributed to higher sales.
Paul Everitt of the SMMT confirmed that more and better-priced
car finance is becoming available for both businesses and
consumers.
