Vehicle finance demand rises 4.5% y/y

Demand for vehicle finance has increased 4.5% year-on-year, helping lift non-mortgage lending despite a broader decline in consumer borrowing, according to Centrix’s September Credit Indicator report. However, repayment pressures remain evident, with auto loan arrears reaching 5.4% in August, up from 5.1% a year earlier. The rise in vehicle finance enquiries, measured on a three-month […]
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