Car Sales Slowing but Creditplus Car Finance Continues to Grow

Sep 2 2010

Throughout the last 12 months, Britain’s car market has exceeded their expected sales, having 12 successive monthly rises since 2009. However these sales have recently started slowing according to the results shown in July 2010, where registrations of new cars fell by 13% to 20,703 units within the month.

Although these statistics have no doubt caused a significant level of disappointment amongst car manufacturers, dealerships and the motor industry in general. However the society of motor manufactures and traders still remain reasonably optimistic about the situation.

They feel that regardless of slowing in sales this year they are still 15% higher than in 2009. This will indeed contribute to the overall result at the end of this sales year.
The SMMT feel comfortable in making this expectation they do admit it wasn’t easy to predict, due to the uncertainty in regards to the UK economy, not to mention the severe lack of customer confidence. They feel that these hindrances will challenge the 2010 outlook.

It could be possible that people amongst the UK have been making their purchases as quickly as possible before the higher value added tax which is to be taken into effect next year. While this is understandable there are many people that can’t af FORD to purchase a new car, which is why companies such as Creditplus are doing well despite the result of the rest of the motor industry.

The economy within the UK is very uncertain and often it’s the case that people can’t afford to buy a car up front. Creditplus makes a point of helping as many car buyers as possible, as an independent finance broker, the company specialise in finding their customers the best rate available, so that they can purchase the car of their dreams, at an affordable price.

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