Category: Trade Body Site

15 August 2018
New figures released today by the Finance & Leasing Association (FLA) show that point of sale (POS) consumer new car finance business volumes grew by 1% in June, compared with the same month in 2017, while the value of new business was up by 9%.
The percentage of private new car sales financed by FLA members through the POS was 89.5% in the twelve months to June.
In the POS consumer used car finance market, new business was up 4% by volume and 11% by value in June, 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 in the first half of 2018 by 4% compared with the same period in 2017. This was in line with expectations, with a modest fall in consumer new car finance volumes offset by single-digit new business growth in the consumer used car finance market.”
Table 1: Cars bought on finance by consumers through dealerships
New business
Jun 2018
% change on prev. year
3 months to Jun 2018
% change on prev. year
12 months to Jun 2018
% change on prev. year
New cars
Value of advances (£m)
1,717
+9
4,962
+18
19,479
+4
Number of cars
83,470
+1
243,495
+12
978,713
-6
Used cars
Value of advances (£m)
1,460
+11
4,562
+16
16,528
+13
Number of cars
119,903
+4
383,302
+10
1,412,991
+7
Total cars
Value of advances (£m)
3,176
+10
9,524
+17
36,007
+8
Number of cars
203,373
+3
626,797
+11
2,391,704
+2
Table 2: Cars bought on finance by businesses
New business
Jun 2018
% change on prev. year
3 months to Jun 2018
% change on prev. year
12 months to Jun 2018
% change on prev. year
New cars
Number of cars
40,691
-22
126,092
-6
449,903
-7
Used cars
Number of cars
5,087
-4
13,615
+17
63,428
+11
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.

6 July 2018
New figures released today by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer new car finance market grew 15% by value and 10% by volume in May, compared with the same month in 2017.
The percentage of private new car sales financed by FLA members through the POS was 89.3% in the twelve months to May 2018, unchanged compared with the same period to April 2018.
The POS consumer used car finance market also reported new business growth in May 2018 of 12% by value and 9% by volume.
Geraldine Kilkelly, Head of Research and Chief Economist, said:
“Monthly falls in new business volumes reported by the consumer new car finance market in the first three months of 2018 have been followed by a recovery in April and May, in line with demand for new car purchases.
“The POS consumer car finance market reported new business volumes overall up by 4% in the first five months of 2018, consistent with expectations for the year as a whole.”
Table 1: Cars bought on finance by consumers through dealerships
New business
May 2018
% change on prev. year
3 months to May 2018
% change on prev. year
12 months to May 2018
% change on prev. year
New cars
Value of advances (£m)
1,615
+15
6,657
+5
19,337
+3
Number of cars
78,158
+10
329,303
-1
977,508
-6
Used cars
Value of advances (£m)
1,552
+12
4,578
+13
16,370
+13
Number of cars
131,389
+9
387,565
+8
1,408,064
+8
Total cars
Value of advances (£m)
3,166
+13
11,236
+8
35,707
+7
Number of cars
209,547
+9
716,868
+3
2,385,572
+1
Table 2: Cars bought on finance by businesses
New business
May 2018
% change on prev. year
3 months to May 2018
% change on prev. year
12 months to May 2018
% change on prev. year
New cars
Number of cars
40,826
-2
132,595
-4
461,482
-4
Used cars
Number of cars
4,369
+35
17,398
+52
63,646
+15
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.