Macclesfield, UK (PRWEB UK) 20 June 2012
New car sales increased by almost 8% last month, marking the biggest rise in sales since June 2010.*
Figures from the Society of Motor Manufacturers and Traders (SMMT) show that, based on a year-on-year scale, sales of new cars in May have increased by 11,857 to 162,288. Anyone looking for car credit for a new vehicle could take out an affordable car finance loan from Car Loan 4U.
The most popular car in May was the Vauxhall Corsa, pushing the Ford Fiesta off the top spot for the first time this year. Volkswagen vehicles were also high in demand vehicles.
Ford was found to be the UK’s leading car brand, with sales increasing by 7.8% in May alone. Vauxhall sales also increased during May, by 7.6% in total.
Luxury car brand Land Rover, who recently launched a limited edition vehicle with Victoria Beckham, has continued to see high levels of growth. The car manufacturer reported a 60% rise in sales last month.
Car Loan 4U Co-Director Ryan Dignan comments;
“Car Loan 4U welcomes the news that car sales are on the rise. The demand for new cars is clear, despite talks of economic doom and gloom.
“As the summer draws closer and with such a huge range of new and exciting cars coming onto the market, it’s no surprise that Britons want to buy a new vehicle.
“The rise in affordable fuel efficient models as petrol prices increase is just one of the many reasons people are looking for new cars.
“Everyone in the car industry is working hard to push sales and clearly it is working. Anyone looking for a new vehicle this year could apply for a low cost car finance loan. Car Loan 4U offers car finance from just 7.9% APR.”
Notes to editors
*New car sales rose by 7.9pc in May. Source: New car sales rise by most for 23 months 08/06/12