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Car Finance Facts – January 2014

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Welcome back to Car Finance Facts – a rundown of the most interesting facts and figures we’ve found from the first month in 2014.

If you’d like to see how these figures compare to previous months, take a look at the links below:

Car Finance Facts December

Car Finance Facts November

Car Finance Facts October

 

With UK Car Sales soaring to their highest level since 2007, due to the increase in growing consumer confidence, and cheaper finance deals we thought we would share with you yet some more interesting car-related stats.

BMW 3 Series

Was the most popular financed vehicle in January accounting for 6.66% of all cars financed.

£1,917

was the average deposit taken.

81%

of the cars that we financed in January were manual.

£11,106.65

was the average loan amount for January.

Black

for the 4th time running is the car colour choice of the month.

37

Was the average age of our customers that applied for car finance in January.

154,562

New cars were registered in January 2014, this is up by 7.6% on the previous month of December.*

325

Pure electric vehicles were purchased in the month of January, this is up a whooping 755.3% on last year.*

50.92

was the average loan term for the month of January.

*Source: SMMT

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