Car finance experts Car Loan 4U comments on the rise of car manufacturing in the UK
The Society of Motor Manufacturers and Traders (SMMT) confirmed on September 19th that car manufacturing in the UK has enjoyed a significant growth in August 2013, rising by 16.2% on 2012.
This increase saw a total of 91,282 cars built by UK manufacturers in August and was the third successive monthly rise, which at the same time pushed year-to-date volumes up 3.1%.
This news is also promising with the new 63-plate having arrived in September 2013, with car buyers eagerly anticipating a number of new models arriving on the UK market. The SMMT already announced that new registrations on the ‘13’ plate outsold the last nine registrations dating back five years.
Car Loan 4U Director Ryan Dignan, comments:
“This news confirms what has been a very positive year for car manufacturing in this country, especially when compared with the rest of Europe.
“While there has been uncertainly across many other countries in Europe and declining figures, the UK has continued to enjoy a steady increase and I think that speaks volumes for the car manufacturing industry here.
“This news should be further encouraged as we welcome the new September registration plate-change and potential new car buyers should be encouraged to hear that Car Loan 4U can offer the lowest APR for those with a very good credit record.
“There’s a huge number of new models arriving on the market with the new 63-plate, including the Audi A3, BMW 3-Series and Range Rover Sport.”
Motorists looking to get their hands on a new car might want to consider their car finance solutions and as leading car finance providers, Car Loan 4U can help provide expert advice.
Car Loan 4U offers a wide range of car finance deals regardless of the customer’s history or circumstances to give a fast decision on loan applications for new cars, which can be underwritten and approved in minutes.