Whilst the demand is strong, the economy is weak and a number of motorists might not have the cash flow to pay outright for a brand new vehicle
Macclesfield, UK (PRWEB UK) 23 May 2012
The number of new car sales has increased over the first three months of the year.
According to one of the biggest car dealers in the country, Inchcape, sales of new cars have shot up by almost 5% in the first quarter of 2012*.
Another dealer, Lookers also experienced a 6% rise in car sales. Despite the current economic climate, a growing number of British motorists are buying new cars. Car finance experts, Car Loan 4U could help drivers looking for a new vehicle with affordable car finance.
In April alone, new car sales increased by over 3% which marked the largest increase for eight months. **
Luxury carmakers Land Rover and BMW have recently reported record sales across the world with celebrity-endorsed models such as the Land Rover Evoque.
Car Loan 4U Co-Director Ryan Dignan said"
“It’s great to hear that the demand for new cars is on the rise. With so many fantastic new vehicles coming onto the market over the next year, it ‘s no surprise that motorists are keen to swap or upgrade.”
“Anyone looking for a new vehicle this summer might be in need of car finance. Whilst the demand is strong, the economy is weak and a number of motorists might not have the cash flow to pay outright for a brand new vehicle.”
New car sales in the UK have been rising at a steady rate over the course of 2012 and industry figures show that consumer confidence is returning to the market. An affordable car loan from car finance experts, Car Loan 4U could help motorists get on the road.
Notes to editors
- Inchcape saw a 4.6% rise in like-for-like sales for the first three months of 2012 as reported in the Telegraph 10.05.12
** New car sales increased by 3.3% in April as reported in the Telegraph 10.05.12