Growth in vehicle sales fuelled by bank loans, dealers say
Commercial banks are providing more loans for vehicle purchases, leading to a jump in car sales this year, according to dealers. While the improved domestic economy and effects of the March disasters in Japan on its competitors had improved sales figures of Great Wall vehicles, increased availability of car loans was the largest driver of the increase, said Peang Mann, Chairman and CEO at importer Worldwide Garage. Worldwide Garage currently workers with ACLEDA, ABA, and Campu banks to make car loans available.
