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Asset Finance Blog | September 2017 - New registrations

01 Sep 2017

Image of Jon Maycock, Managing Director of Asset FinanceAs our brokers are well aware, with the new 67 vehicle registration plates being released at the start of September, we are gearing up for one of the busiest times of the year.

According to the latest figures from SMMT, while new car registrations have declined, demand for alternatively fuelled vehicles has soared. In addition, SMMT research shows that the new van market remains stable and HGV demand has risen to the highest levels since 2008.

We would expect registrations to dip ahead of September and from our perspective all signs indicate that this will be another busy period for our intermediary partners.

Indeed, Mike Hawes, SMMT Chief Executive, states that “lower demand in recent months will inevitably mean competition from manufacturers will intensify”, adding that “it will be a good opportunity for consumers to get a great deal on their next car, with many exciting new models launched in the coming months”.

We believe that small business owners who are looking to invest in a vehicle this year should focus on partnering with brokers who can give them the key to the best asset finance deal.

In turn, we promise to provide the independent introducers we work with, with a dependable, personalised and efficient service, in a timely manner.

As well as vehicles, we provide financing for a wide range of assets from plant and machinery through to IT equipment, offering a one-stop-shop for your client’s financing needs.

Find out more about our Asset Finance division.

Jon Maycock
Managing Director of Asset Finance

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