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Global supermarket brand Tesco has closed its ex-fleet car sales site after just one year trading.
New car registrations in March were up 1.8% year-on-year, according to the latest SMMT statistics, exceeding forecasts for the month and led by a 7% rise in private registrations.
Nearly two-thirds of new cars sold in February were purchased using dealer consumer finance, breaking previous records.
Only 28% of car purchases are made upfront, with an overwhelming 72% of buyers replying on finance packages.
Prime and subprime car finance provider Moneyway is currently piloting its settlement short fall loan scheme with dealerships, providing a loan to cover the negative equity in a car finance deal.
More motor finance news
Gateley asset finance partner James Baird considers the latest EU fraud regulation proposals and highlights the key issues that need fine-tuning to ensure an effective pan-European fraud prevention legislative framework.
Roger Potgieter of Cobbetts comments on a recent court case where a repossessed Mercedes-Benz "which a head of state might order" was sold, with the two sides arguing about whether the best price was achieved.
Are women better equipped than men when buying a car and car finance? BMW Financial Services' Sophie Grimshaw says yes, while her colleagues Joe Pattinson disagrees. Read on to decide who wins the argument.
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