Full Year Results 

S&U deals fall as underwriting tightens

S&U deals fall as underwriting tightens

A slowing economy and weaker consumer confidence led S&U (SUS) to tighten underwriting standards last year, which, together with increased competition in the used car market, meant customer advances dipped for the non-prime motor finance provider. Advantage wrote 21,000 new deals, down 14 per cent on the prior year, although management expects this figure to start rising again this year.

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