November's rise in interest rates by the Bank of England appears to have done nothing to slow the increase in car finance debt, according to the latest results published by the Finance and Leasing Association (FLA).
Car finance records for the first ten months of 2017 show that the sector is still on track for record lending this year despite falling new car sales.
The next step in Vauxhall's absorption into the PSA Groupe (Peugeot, Citroën, DS) has been finalised, with PSA taking control of Vauxhall Finance.
The latest car finance results show that the media attention regarding car finance is not reducing the level of borrowing on either new or used cars.
The latest figures show that car finance debt remained at record levels in June, with a fall in new car volumes balanced by an increase in used cars.
The Financial Conduct Authority has published an update on its investigation into the car finance sector and identified the key questions it wants answered.
Latest car finance results show that buyers continue to borrow more money on their cars, although the number of loan agreements fell in line with car sales.