date 08/05/2018 The following statistic is available now PDF File format on the website of the Federal Motor Transport Authority ( KBA ) ready for downloading: Duration Passenger cars and motorcycles by brand or by manufacturer, 1 January 2018 ( FZ 17 ) up
Category: Trade Body Site
Consumer motor finance new business falls 5% in March
11 May 2018
New figures released today by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer car finance market fell 5% by value and 10% by volume in March, compared with the same month in 2017. In Q1 2018, new business grew 3% by value, while volumes fell by 1% compared with the same quarter in 2017.
The POS consumer new car finance market reported a fall in new business in March of 9% by value and 15% by volume, compared with the same month in 2017.
The percentage of private new car sales financed by FLA members through the POS was 89.4% in the twelve months to March, up from 88.5% in the same period to February.
The POS consumer used car finance market reported new business up 4% by value in March, while volumes fell by 1%, compared with the same month in 2017.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“Trends in the new car finance market in the first quarter of 2018 are likely to have been affected by the impact on demand for private new cars in Q1 2017 of changes to vehicle excise duty introduced in April that year. However, in the first quarter of 2018, point of sale consumer car finance new business volumes overall were only 1% lower than in the same period in 2017.”
Table 1: Cars bought on finance by consumers through dealerships
New business
Mar 2018
% change on prev. year
3 months to Mar 2018
% change on prev. year
12 months to Mar 2018
% change on prev. year
New cars
Value of advances (£m)
3,354
-9
5,445
-4
18,581
-3
Number of cars
167,965
-15
279,934
-11
957,034
-11
Used cars
Value of advances (£m)
1,495
+4
4,449
+13
15,942
+12
Number of cars
126,474
-1
381,377
+7
1,383,563
+6
Total cars
Value of advances (£m)
4,849
-5
9,894
+3
34,522
+4
Number of cars
294,439
-10
661,311
-1
2,340,597
-2
Table 2: Cars bought on finance by businesses
New business
Mar 2018
% change on prev. year
3 months to Mar 2018
% change on prev. year
12 months to Mar 2018
% change on prev. year
New cars
Number of cars
47,194
-14
102,039
-13
458,534
-5
Used cars
Number of cars
8,870
+74
18,329
+7
61,440
+5
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.
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Statistics: New registrations and property transfers of Passenger cars and motorcycles by brand or by manufacturer, Year 2017 (FZ 18)
date 08/05/2018 The following statistic is available now PDF File format on the website of the Federal Motor Transport Authority ( KBA ) ready for downloading: New registrations and transfers of ownership of passenger cars and motorcycles by brand or by manufacturer, year 2017 ( FZ 18 ) up
Statistics – New registrations of passenger cars in April 2018 by brand and model series (FZ 10)
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UK new car registrations up in April as market jumps after last year’s VED turbulence
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Press Release No. 10/2018 – Vehicle registrations in April 2018
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2018