Industry News from Yes Insurance

Female car insurance customers who are keen to buy a new vehicle but are concerned they will not be accepted for finance in the current economic climate may well find there is a payment plan available to suit their budget, the RMI National Franchised Dealers Association (NFDA) has claimed.

The group stated although the credit crunch has made it difficult to borrow money in certain circumstances, the motor industry is still willing to help out its customers.

Director of NFDA Sue Robinson said: "Following the September plate change dealers are keen to make sure that consumers get a good deal on a new car."

Statistics provided by the Finance and Leasing Association seen to back Ms Robinson's claim.

They show there has been a rise in the value and volume of finance sold in showrooms since the start of the year.

Between January and July, new car finance reportedly rose from 47.2 per cent to 50.7 per cent.

Meanwhile, NFDA previously reported dealers have started to re-evaluate the benefits of manufacturer partnerships in the face of the gloomy economic climate.

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