Car loans jumped by almost 50 per cent in value in the second quarter of this year, as car prices are on the rise and there is an increasing consumer appetite for electric and luxury vehicles.
Latest figures from the Banking and Payments Federation Ireland (BPFI) show that in the second quarter of 2023, the number of car loans rose by 35.9 per cent year on year to 15,828, while the value of loans jumped by 47.7 per cent to €189 million.
The figures are part of the BPFI quarterly…
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