The UK’s leading specialist sub-prime car dealer, ACF Car Finance Limited, has reported an increase in demand for its services with the business demonstrating continued success during a difficult period.
ACF Car Finance specialises in helping customers to find the car they’re looking for and in helping to arrange finance at a monthly repayment to suit their budget and circumstances. The market leading company recently reported its highest monthly volume of customer applications, in the last 18 months of trading.
This continues from the success announced earlier this year in January where ACF Car Finance reported the highest number of customer applications ever processed in a single day, demonstrating its healthy trading position and emphasising its market leader status even further.
Norman Beaumont, Sales and Marketing Director for ACF Car Finance, commented: “No company has remained unscathed throughout 2009 as the market has been so unsettled, but there are encouraging signs which improve the outlook for 2010.“We believe that our success is due to a mixture of elements. Firstly the trading environment has changed and competition within the market has decreased, and there is a definite increase in the numbers of customers in the sub-prime and near-prime marketplace. This increase however also means that our customers are now more discerning than ever before and we have had to react to that changing customer profile. By using new channels to acquire vehicles we have been able to meet the new demands, giving customers exactly what they want, by stocking our branches with a wider choice of cars across all price ranges.
“Secondly, we have made a number of strategic business decisions in order to make the company more sustainable. By undergoing certain cost saving initiatives and streamlining the business, the company is leaner than it has ever been before, putting us in a much stronger position within the market.