Category: Trade Body Site

Press Releases – Commercial vehicle registrations: +4.8% eight months into 2018; +2.3% in July and +7.3% in August

Brussels, 26 September 2018 – New commercial vehicle registrations increased both in July and August 2018 (+2.3% and +7.3% respectively), marking the fifth consecutive month of growth. Total new commercial vehicles New commercial vehicle registrations increased both in July and August 2018 (+2.3% and +7.3% respectively), marking the fifth consecutive month of growth. All segments… Continue reading Press Releases – Commercial vehicle registrations: +4.8% eight months into 2018; +2.3% in July and +7.3% in August

Press Releases – Passenger car registrations: +6.1% eight months into 2018; +10.5% in July and +31.2% in August

Brussels, 19 September 2018 – In July 2018, demand for new passenger cars in the EU grew by 10.5%, with almost 1.3 million cars registered. In July 2018, demand for new passenger cars in the EU grew by 10.5%, with almost 1.3 million cars registered. Growth was recorded in all major EU markets. Spain (+19.3%),… Continue reading Press Releases – Passenger car registrations: +6.1% eight months into 2018; +10.5% in July and +31.2% in August

Asset finance market up by 8% in July

7 September 2018
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) overall grew in July by 8% compared with the same month last year. New business for deals of up to £20 million increased by 10% over the same period.
The IT equipment finance and commercial vehicle finance sectors reported new business up in July by 60% and 15% respectively, compared with the same month in 2017, while plant and machinery finance and business equipment finance saw modest growth of 1% and 4% over the same period.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“The asset finance market rebounded in July despite subdued business investment as a result of Brexit-related uncertainty.
“Key sectors of the economy are using leasing and hire purchase to finance investment in equipment, with particularly strong growth in new finance provided for construction and agricultural equipment, up by 31% and 14% respectively, compared with July 2017.”
Jul 2018
% change on prev. year
3 months to Jul
2018
% change on prev. year
12 months to Jul
2018
% change on prev. year
Total FLA asset finance (£m)
2,837
+8
8,811
+5
32,056
+2
Total excluding high value (£m)
2,665
+10
8,181
+3
30,265
+3
Data Extracts:
By asset:
Plant and machinery finance (£m)
559
+1
1,780
-4
6,551
+1
Commercial vehicle finance (£m)
628
+15
2,018
+9
7,655
+2
IT equipment finance (£m)
276
+60
773
+29
2,513
+11
Business equipment finance (£m)
231
+4
694
-6
2,575
+2
Car finance (£m)
860
-2
2,554
-2
9,339
0
Aircraft, ships and rolling stock finance (£m)
31
+352
86
-29
254
-60
By channel:
Direct finance (£m)
1,359
+6
4,120
+1
14,999
-1
Broker-introduced finance (£m)
530
+22
1,581
+12
6,000
+10
Sales finance (£m)
776
+9
2,480
+2
9,267
+3
By product:
Finance leasing (£m)
303
-6
990
-2
3,859
+2
Operating leasing (£m)
530
+5
1,528
-10
6,245
-8
Lease/Hire purchase (£m)
1,564
+8
4,911
+9
17,489
+5
Other finance (£m)
354
+53
988
+6
3,175
-6
Note to editors:
In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £32 billion of finance was provided to businesses and the public sector. FLA members financed a third of UK investment in machinery, equipment and purchased software in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.

Consumer finance new business up by 9% in July

7 September 2018
New figures released today by the Finance & Leasing Association (FLA) show consumer finance new business grew in July by 9%, compared with the same month last year.
Credit card and personal loan new business together grew by 11% compared with July 2017, while retail store and online credit new business increased by 4%. Second charge mortgage new business was up 6% by value and 5% by volume over the same period.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“Growth in consumer finance new business in July reflected the strength of retail sales over that period. Our latest research suggests that new consumer credit in the UK is likely to grow by around 5% in 2018 as a whole, in line with the annual rate of growth in 2017.”
Table 1: New consumer credit lending
Jul 2018
% change on prev. year
3 months to Jul 2018
% change on prev. year
12 months to Jul 2018
% change on prev. year
Total FLA consumer finance (£m)
8,627
+9
26,418
+10
101,874
+8
Data extracts:
Retail store and online credit (£m)
742
+4
2,236
+6
9,329
+9
Credit cards & personal loans (£m)
4,517
+11
13,558
+11
51,095
+9
Second charge mortgages (£m)
98
+6
277
-1
1,024
+4
Car finance (£m)
2,889
+11
9,232
+11
36,317
+8
Note to editors:
FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £96 billion of this was in the form of consumer credit representing over a third of total new consumer credit written in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.

POS consumer car finance volumes up by 6% in July

7 September 2018
New figures released today by the Finance & Leasing Association (FLA) show that point of sale (POS) consumer car finance new business volumes grew 6% in July, compared with the same month in 2017, while the value of new business increased by 11% over the same period.
The POS consumer new car finance market reported new business in July up 5% by volume and 10% by value, compared with the same month in 2017. The percentage of private new car sales financed by FLA members through the POS was 89.8% in the twelve months to July.
The POS consumer used car finance market reported new business in July up 6% by volume and 13% by value, compared with the same month in 2017.
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 new business volumes up by 4% in the first seven months of 2018, in line with expectations of modest single-digit growth in 2018 as a whole.”
Table 1: Cars bought on finance by consumers through dealerships
New business
Jul 2018
% change on prev. year
3 months to Jul 2018
% change on prev. year
12 months to Jul 2018
% change on prev. year
New cars
Value of advances (£m)
1,376
+10
4,707
+11
19,602
+4
Number of cars
68,786
+5
230,414
+5
982,073
-5
Used cars
Value of advances (£m)
1,513
+13
4,524
+12
16,715
+13
Number of cars
125,153
+6
376,445
+6
1,420,591
+7
Total cars
Value of advances (£m)
2,889
+11
9,232
+11
36,317
+8
Number of cars
193,939
+6
606,859
+6
2,402,664
+2
Table 2: Cars bought on finance by businesses
New business
Jul 2018
% change on prev. year
3 months to Jul 2018
% change on prev. year
12 months to Jul 2018
% change on prev. year
New cars
Number of cars
39,930
-14
121,447
-13
443,579
-8
Used cars
Number of cars
4,208
-45
13,664
-16
59,946
-1
Note to editors:
In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £96 billion of this was in the form of consumer credit, over a third of total new consumer credit written in the UK in 2017. £44 billion of it supported the purchase of new and used cars, including over 88% of private new car registrations.For media enquiries, please contact the FLA press office on 020 7420 9656.

Second charge mortgage new business volumes up by 5% in July

7 September 2018
Commenting on the July 2018 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:
“The second charge mortgage market made a positive start to the third quarter, with new business in July up 6% by value and 5% by volume. The number of new agreements in this market grew by 2% in the first seven months of 2018, in line with expectations of modest single-digit growth in 2018 overall.”
Table 1: New second charge mortgage lending
Jul 2018
% change on prev. year
3 months to Jul 2018
% change on prev. year
12 months to Jul 2018
% change on prev. year
Value of new business (£m)
98
+6
277
-1
1,024
+4
Number of new agreements (No.)
2,162
+5
6,090
+2
22,245
+4
Note to editors:
FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £96 billion of this was in the form of consumer credit, representing over a third of total new consumer credit written in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.

SALES OF CARS AND LIGHT COMMERCIAL VEHICLES IN AUGUST 2018

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