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S&U car finance subsidiary still driving trade upward

Published: 20:15 04 Aug 2017 AEST

New motor finance loans and collections hit an all time high as S&U (LON:SUS) continue to outperform expectations, with debt quality good. Anthony Coombs tell us why motor finance is doing so well and why worries about mushrooming debt (recently talked about by The Bank of England) are irrelevant when you're picky about who you lend to and when collections are at an all time high.

With new loan transactions up 20% year on year, no wonder Anthony's smiling and it looks like a steady drive for S&U in the motor finance market.

New car wobble should help Advantage car loan business, says S&U’s Coombs

Anthony Coombs, chairman of S&U PLC (LON:SUS) told Proactive he expects the used car market to remain strong and underpin another good year for the finance firm. Unlike new cars, the used car finance market grew by 6% in 2017 helping S&U lift profits by 20%. ''Our customers...

on 28/3/18