Take-up of car finance deals slows as appetite for diesel wanes

British consumers rein in borrowing money for cars amid falling vehicle sales

British consumers have reined in their borrowing on car finance deals amid falling vehicle sales triggered by new emissions tests.

Figures from the Bank of England showed annual growth in consumer credit - on personal loans, credit cards and car finance deals - dropped to 7.7% in September to the lowest level since June 2015.

Related: Car production in UK falls year-on-year for fourth month in a row