Tony Gannon, communications director at British Car Auctions, believes the government's forthcoming budget needs to focus on stimulating the vehicle credit markets to encourage new and used vehicle purchasing.
"It appears that many potential deals are faltering at the loan stage because vehicle buyers are finding it difficult to get a deal that either suits them or is affordable.
"When these are instances involving
buyers with perfectly good credit ratings and the wherewithal to manage a loan sensibly, the motor industry is obviously losing potential business through no fault of its own."
Read about what the Budget means for the road haulage industry on our special Budget page on Wednesday.
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