The number of cars bought using finance is falling, according to a report from automotive research specialist MFBI.
It said of the 8.96 million new or used cars bought by private motorists in 2003, only 23% were bought using some kind of retail finance.
This represented a 6% fall in retail finance sales, against a 21% growth in the new and used car markets over the past four years, said the company.
The biggest decline in retail finance sales was in the used car market, said MFBI.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
