Asset Finance


Consumer Finance


Motor Finance


Motor Finance

The latest figures released by the Finance & Leasing Association (FLA) show that the point of sale (POS) consumer car finance market reported new business volumes down 2% in February, compared with the same month in 2016, while the value of new business was up by 2% over the same period.

New business in the POS consumer new car finance market fell 3% by volume in February, while the value of new business was at a similar level to the same month in 2016.

The percentage of private new car sales financed by FLA members through the POS was 86.5% in the twelve months to February, unchanged compared with the same period to January.

New business in the POS consumer used car finance market fell 1% by volume in February, while the value of new business grew by 3%.

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

“The point of sale consumer car finance market reported modest growth in new business volumes of 3% in the first two months of 2017. This is in line with the industry’s expectations of single-digit growth in the year overall.”

Excel motor finance summary

 

For more information e-mail research@fla.org.uk