Fewer new cars sold on credit

Sales of new cars on credit have fallen, according to figures released by the Finance & Leasing Association (FLA).

New business volumes in the point of sale consumer new car finance market fell by 16 per cent in September compared with the same month in 2017, and the value of sales was 14 per cent down. In Q3 2018 overall, new business fell 4 per cent by value and 6 per cent by volume.