2013 forecasting another growth year
Posted 5th January, 2013 in 2013
Several factors indicate strong conditions for growth with Car Finance approvals for 2013. Low interest rates, low delinquencies, increased competition amongst lenders, and high replacement demand and more affordability in the new vehicle market all contribute. “Overall, when you look at the industry, we’re seeing continued growth,” said Chris Baker, General Manager and Principal of NuStart Finance. “2013 may not produce the double-digit growth like we’ve experienced in last year – vehicles sales were up 10.3 precent on 2011. So maybe in 2013 its single-digits instead of double digits. It’s still growth,” and NuStart Finance is well positioned to support its customers’ requirements. An improved housing market and improving consumer confidence are all positive factors for the year ahead. “There are more loans being made available to customers with prior credit issues today and we’re not seeing a delinquency factor like we have in the past” There’s no better time to contact NuStart Finance to assess your opportunities.