COO Gregor Sutherland said that the recent strong performance had been due to a number of factors: “The used car sector has seen a release of pent-up demand following the General Election result, and almost all of the dealers and other partners with which we work are reporting positive performance.

“We have also been working hard at improving our dealer partnerships and helping used car retailers to use our products in the most effective manner and this approach is definitely starting to bear fruit. The better an understanding that dealers have of the near-prime market, the better they can successfully apply it to their businesses.”