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Car Finance Facts – May

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You guessed it! It’s for our monthly update on our car finance facts. We’ll keep you in the know about what cars are selling, how the industry is doing, and other interesting finance facts from May!

Fancy having a look at our previous months finance facts? Look no further… click on the links below!

Car Finance Facts April

Car Finance Facts March

Car Finance Facts February

May has been a very successful month for Creditplus, and for the motor industry as a whole. Read our car finance facts to find out more!

 

BMW 3 Series

The BMW 3 Series for the second month in a row was the most popular financed car for the month of May.

7.7% 

New car registrations rose 7.7% in May to 194,032 units, the 27th consecutive month of growth.*

37

On average, our customers were 37 years old - 1 year older than in April.

£12,731.46

The average amount we loaned to our customers in May was £12,731.46.

Black

For the 10th consecutive month - Black was by far the most popular colour choice.

£2294.31

This was the average amount that our customers put down as a deposit for their car finance in May.

52

The average loan term was 52 months.

9450

The Ford Fiesta is the most popular car in the UK this month with sales of 9450 nationwide.

 1,058,974

Registrations for 2014-to-date pass the 1 million mark, rising 11.6% to 1,058,974 in May.

*Source: The Society of Motor Manufacturers and Traders – Motor Industry Facts 2014

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