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Car Finance Facts | December 2016

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Welcome to the Car Finance Facts post for December 2016. Here we provide an insight into the latest happenings in the car buying industry, both across the UK and here at Creditplus.

2016 becomes a record year for the UK new car market, achieving 2.69 million registrations overall

The UK new car market scored yet another record year, as annual registrations climbed for a fifth year running with 2.69 million registrations. In 10 out of the last 12 months, the market has accomplished an increase in car registrations. Despite this, however, December totals were down by -1.1% compared to 2015.

According to SMMT, Fleets were responsible for the majority of growth in the market, with demand reaching a record of 1.38 units. The private market experienced a record high as more than 1.2 million private buyers registered a new car at some point in 2016.

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Date sourced from SMMT December 2016 market report.

If you’re thinking about purchasing a new car, find out more about used car finance with Creditplus. We can provide finance for a new, nearly new or used car from any reputable UK dealership. You can also find thousands of fantastic cars in our huge car search database. Then, it’s simply a matter of completing our two minute application form and you’ll soon have one of our dedicated Customer Advisors working to find you the best finance deal.

Calculate your car finance package with our Car Finance Calculator.

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