array(16) { [0]=> array(10) { [“TEXT”]=> string(4) “News” [“LINK”]=> string(9) “/en/news/” [“SELECTED”]=> bool(false) [“PERMISSION”]=> string(1) “R” [“ADDITIONAL_LINKS”]=> array(0) { } [“ITEM_TYPE”]=> string(1) “D” [“ITEM_INDEX”]=> int(0) [“PARAMS”]=> array(0) { } [“DEPTH_LEVEL”]=> int(1) [“IS_PARENT”]=> bool(false) } [1]=> array(10) { [“TEXT”]=> string(6) “Events” [“LINK”]=> string(15) “/en/aeb-events/” [“SELECTED”]=> bool(false) [“PERMISSION”]=> string(1) “R” [“ADDITIONAL_LINKS”]=> array(0) { } [“ITEM_TYPE”]=> string(1) “D”… Continue reading SALES OF CARS AND LIGHT COMMERCIAL VEHICLES IN JANUARY 2018
Category: Trade Body Site
Press Release No. 03/2018 – Vehicle registrations in January 2018
date 06/02/2018 Flensburg, 6 February 2018. With 269,429 newly registered Passenger cars ( car ) and with a plus of +11.6 percent were the registrations stronger than a year ago. The share of private registrations (35.1%) rose by +24.5 percent, that of commercial (+4.7 percent) by 64.7 percent. petrol-driven car increased by + 32.1 percent.… Continue reading Press Release No. 03/2018 – Vehicle registrations in January
2018
Parking surcharge for diesel vehicles to be introduced in Islington
London’s Islington Council claims it will be the first local authority to introduce a borough-wide surcharge for diesel vehicles using short stay parking. The £2 surcharge will be introduced early in 2018 and comes in addition to the existing diesel surcharge for resident parking permits, which has existed since 2015. As an inner-city borough containing… Continue reading Parking surcharge for diesel vehicles to be introduced in Islington
Statistics: New registrations, property transfers, Decommissioning of motor vehicles and Motor vehicle trailers, year 2016 (FZ 7)
date 01/31/2018 The following statistic is available now PDF File format on the website of the Federal Motor Transport Authority ( KBA ) ready for downloading: New registrations, transfer of ownership, decommissioning of motor vehicles and their trailers, year 2016 ( FZ 7 )
New van market sees decline in January
New van registrations fall -4.2% to 20,475 units in January 2018. Demand for medium (2.0-2.5t) vans rises, up 1.2% year on year. Double-digit decline for small vans, a -28.9% drop compared with previous year. The UK’s new light commercial vehicle (LCV) market fell -4.2% in January 2018, according to the latest figures released today by… Continue reading New van market sees decline in January
January – EV registrations
Plug-In Car Grant: Since the launch of the Plug-In Car Grant in January 2011, there have been 130,553 eligible cars registered. Please note: this data includes only new car registrations and not commercial vehicles. For questions about these figures, or to enquire about more detailed data sets, e-mail data@smmt.co.uk. The post January – EV registrations… Continue reading January – EV registrations
UK new car registrations decline in January
UK new car market declines in January – down -6.3%, as 163,615 cars leave showrooms. Demand for petrol and alternatively fuelled vehicles rises, but fails to offset fall in new diesel registrations. SUVs only vehicle segment to show growth, with 6.6% uplift leading to record market share. The UK new car market declined in the… Continue reading UK new car registrations decline in January
Second charge mortgage repossessions fall to a record low
8 February 2018
New figures released today by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in 2017 was 105, 27% lower than in 2016. In the final quarter of 2017, the number of repossessions was 27, down by almost 31% compared with the same period in 2016.
The rate of second charge mortgage repossessions, as a percentage of average outstanding agreements, has fallen from 0.34% in 2009 to just 0.06% in 2017.
Commenting on the figures, Fiona Hoyle, Head of Consumer and Mortgage Finance at the FLA, said:
“Helping customers in financial difficulty to get back on track is a priority for the second charge mortgage market. This is reflected in the low number of repossessions reported in 2017.
“If customers think they may experience payment difficulties, they should contact their lender at an early stage to explore alternative options. The sooner contact is made, the easier it is to find a solution.”
Table 1: The number of actual properties taken into possession by FLA second charge mortgage providers1
Time period
Number of possessions
in the quarter
% change on the same quarter in the
previous year
Annual total
% change on the previous year
2008 Total
2009 Total
2010 Total
2011 Total
2012 Total
2013 Total
Q1 2014
Q2 2014
Q3 2014
Q4 2014
Q1 2015
Q2 2015
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Q2 2017
Q3 2017
Q4 2017
128
133
107
79
72
67
56
33
34
40
31
39
19
36
23
27
-43.4%
-27.3%
-25.7%
-35.8%
-43.8%
-49.6%
-47.7%
-58.2%
-52.8%
-40.3%
-44.6%
18.2%
-44.1%
-10.0%
-25.8%
-30.8%
1,612
1,467
864
827
6282
676
447
228
144
105
-9.0%
-41.1%
-4.3%
-24.1%2
7.6%2
-33.9%
-49.0%
-36.8%
-27.1%
Possession proceedings arising from FLA members’ second charge mortgage books, which have led to actual possession by the second mortgage provider.There were changes to the sample in Q1 2012 and Q1 2013 due to changes in FLA membership.Notes 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.
Consumer car finance volumes stable in 2017
9 February 2018
New figures released today by the Finance & Leasing Association (FLA) show that new business volumes in the point of sale (POS) consumer car finance market in 2017 were at a similar level to 2016, while the value of new business was up by 6% over the same period. New business in December 2017 fell 2% by value and 5% by volume compared with the same month in 2016.
The POS consumer new car finance market reported new business down 9% by value and 15% by volume in December compared with the same month in 2016. In 2017 as a whole, new business increased 2% by value and fell 7% by volume.
The percentage of private new car sales financed by FLA members through the POS was 88.1% in 2017, compared with 88.2% in 20161.
The POS consumer used car finance market reported new business growth in December of 8% by value and 3% by volume. In 2017 as a whole, new business grew 12% by value and 6% by volume.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“New business volumes in the POS consumer car finance market reached 2.3 million in 2017 – a similar level to 2016. The market expects broadly stable new business volumes in 2018.
“Trends in the new car finance market in the first half of 2018 are likely to be affected by the pattern of demand over the same period last year, when car purchases were brought forward into the first quarter prior to vehicle excise duty changes introduced in April.”
Table 1: Cars bought on finance by consumers through dealerships
New business
Dec 2017
% change on prev. year
3 months to Dec 2017
% change on prev. year
12 months to Dec 2017
% change on prev. year
New cars
Value of advances (£m)
1,102
-9
3,926
-2
18,784
+2
Number of cars
54,589
-15
198,222
-10
990,029
-7
Used cars
Value of advances (£m)
971
+8
3,633
+14
15,436
+12
Number of cars
81,488
+3
309,269
+8
1,357,216
+6
Total cars
Value of advances (£m)
2,074
-2
7,559
+5
34,220
+6
Number of cars
136,077
-5
507,491
0
2,347,245
0
Table 2: Cars bought on finance by businesses
New business
Dec 2017
% change on prev. year
3 months to Dec 2017
% change on prev. year
12 months to Dec 2017
% change on prev. year
New cars
Number of cars
28,791
-11
106,283
-4
478,136
-2
Used cars
Number of cars
4,541
-26
14,684
-8
61,031
+20
Note to editors:
Revisions to the penetration rate reflect the introduction of new books to the time series.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 by businesses and households, including over 88% of private new car registrations.For media enquiries, please contact the FLA press office on 020 7420 9656.
Consumer finance up 6% in 2017
9 February 2018
New figures released today by the Finance & Leasing Association (FLA) show growth of 6% in consumer finance new business in 2017. New business in December 2017 increased by 1% compared with the same month in 2016.
Credit card and personal loan new business together grew by 6% in 2017, while retail store and online credit new business increased by 9%. Second charge mortgage new business increased 14% by value and 10% by volume over the same period.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“Growth in retail store and online credit new business in the final quarter of 2017 was consistent with the seasonal pick-up in retail sales.
“The overall performance of the consumer finance market in 2017 was in line with expectations. We expect the market to continue to report modest single-digit growth in 2018 as a whole.”
Table 1: New consumer credit lending
Dec 2017
% change on prev. year
3 months to Dec 2017
% change on prev. year
12 months to Dec 2017
% change on prev. year
Total FLA consumer finance (£m)
7,605
+1
24,177
+6
96,299
+6
Data extracts:
Retail store and online credit (£m)
1,032
+13
2,935
+11
8,992
+9
Credit cards & personal loans (£m)
4,188
+1
12,556
+5
47,911
+6
Second charge mortgages (£m)
76
+3
245
+9
1,024
+14
Car finance (£m)
2,074
-2
7,559
+5
34,220
+6
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.