Demand for company cars dives
World Cup fever helped drive down demand for company cars in June, according to figures released today.
World Cup fever helped drive down demand for company cars in June, according to figures released today.
June’s 10% plunge, compared with the same month a year ago, helped cause a 2% fall in the first half of 2002, compared with same period in 2001, according to figures from the Finance & Leasing Association.
The figures for June show an overall decrease of 7% in the number of new cars financed, both consumer and business cars, compared with the same month a year ago. It is the first single month decrease since June 2001, though on ayear-to-date basis, demand for finance is up by 11%.
The trend for used cars is even more downbeat – consumer financing down 22% andbusiness down 23% compared with June 2001.
Commenting on the figures, FLA Director General Martin Hall said: ‘It’s too early to predict if we’re seeing the first sign of a slow down or just a World Cup hangover.’
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