Asset Finance


Consumer Finance


Motor Finance


Asset finance up 20% in April

4 June 2015

Figures released today by the Finance & Leasing Association (FLA) show growth of 20% in asset finance new business in April 2015, compared with the same month last year.

Plant and machinery finance and business equipment finance each grew by 12% in April, and IT equipment finance increased by 78%.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:

“The asset finance market reported another month of strong growth in April. Through the provision of leasing and hire purchase, FLA members financed 28.3% of UK investment in machinery, equipment and purchased software in the twelve months to March 2015, up from 27.1% in the same period in 2014.”

 

New Business

 

Apr

2015

% change on prev. year

3 months to Apr 2015

% change on prev. year

12 months to Apr 2015

% change on prev. year

Total FLA asset finance (£m)

2,540

+20

7,511

+21

27,551

+15

Total excluding high value (£m)

2,483

+22

7,188

+18

26,530

+14

Data Extracts:

Plant and machinery finance (£m)

494

+12

1,529

+13

5,640

+17

Commercial vehicle finance (£m)

591

+18

1,762

+17

6,301

+10

IT equipment finance (£m)

137

+78

513

+60

1,851

+22

Business equipment finance (£m)

188

+12

546

+8

2,244

+12

Car finance (£m)

895

+27

2,354

+20

8,495

+16

Aircraft, ships and rolling stock finance (£m)

39

+112

231

+345

470

+83

 

Note to editors:

  1. In 2014, FLA members provided £100 billion of new finance to UK businesses and households. £26 billion of finance was provided to businesses and the public sector. FLA members financed more than 27% of UK investment in machinery, equipment and purchased software in the UK last year.