Creditplus Blog

Award winning car and finance blog

Car Finance Facts | November 2016

car-finance-facts-header_nov-2016jpg

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

New landmark achieved for November’s new car market

For yet another month, the market has seen steady growth in the UK, increasing by 2.9% throughout November. With 184,101 new cars being registered in the UK last month alone, bringing the total of new cars on British roads to 2.5 million this year. This is the first time this landmark figure has been achieved in the month of November.

During November, petrol registrations increased by 7.9%, totalling 88,541 vehicles, with diesels seeing a small decrease of 2.9%, despite totalling slightly more units with 88,897 hitting UK roads. However, most impressive is the 25.1% increase in the demand for alternatively fuelled vehicles (AFV’s) totalling 6,663. This accounted for 3.6% of the market and achieved the highest figures seen to date.

car-finance-facts-template_nov-2016jpg

Date sourced from SMMT November 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.

Find your next car in our huge Car Search.

Apply online and begin your car finance journey.

SHARE ON
Related

Leave a Reply

Your email address will not be published. Required fields are marked *