An Automotive Sector Deal between government and the automotive industry has today been announced by the Business and Energy Secretary Greg Clark. The deal aims to build on the unique strengths of the UK automotive sector and further develop the strong collaborative partnership established between government and industry. Ian Constance, Advance Propulsion Centre, Konstanze Scharring,… Continue reading Automotive Sector Deal between government and industry is announced
Category: Trade Body Site
Statistics – New registrations of passenger cars in December 2017 by brand and model series (FZ 10)
date 08/01/2018 The following statistic is available now XLS File format on the website of the Federal Motor Transport Authority ( KBA ) ready for downloading: registrations from Passenger cars in December 2017 after Brands and model series ( FZ 10 ) publications New registrations of passenger cars by brand and model series in December… Continue reading Statistics – New registrations of passenger cars in December 2017 by brand and model series (FZ 10)
Press release No. 02/2018 – Number 1 of the segments in December 2017
date 08/01/2018 Flensburg, January 8, 2018. In the month under review December 2017, there were a total of seven management changes. in the segment the minis is now the Smart fortwo , in the small car of the Mini Mini and in the upper middle class the BMW 5 Series first of all. The upper… Continue reading Press release No. 02/2018 – Number 1 of the segments in December 2017
Asset finance market reports further growth in May
6 July 2018
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 10% in May, compared with the same month in 2017.
New finance for plant and machinery grew in May by 4% compared with the same month in 2017, while the commercial vehicle finance sector reported new business up by 13% over the same period.
Geraldine Kilkelly, Head of Research and Chief Economist, said:
“The asset finance market continued to improve in May after a relatively quiet first quarter. The industry provided further support to the construction, manufacturing and agricultural sectors, with new finance for equipment in these sectors up by 6%, 11% and 22% respectively, compared with May 2017.”
May 2018
% change on prev. year
3 months to May
2018
% change on prev. year
12 months to May
2018
% change on prev. year
Total FLA asset finance (£m)
2,921
+10
8,984
+3
31,926
+3
Total excluding high value (£m)
2,637
+4
8,421
+3
30,127
+4
Data Extracts:
By asset:
Plant and machinery finance (£m)
586
+4
1,813
+1
6,651
+7
Commercial vehicle finance (£m)
684
+13
2,182
+6
7,561
+1
IT equipment finance (£m)
174
+1
506
-8
2,336
+5
Business equipment finance (£m)
201
-13
666
+5
2,588
+4
Car finance (£m)
870
+6
2,802
+0
9,445
+2
Aircraft, ships and rolling stock finance (£m)
15
-85
63
-81
204
-72
By channel:
Direct finance (£m)
1,334
+5
4,245
+3
15,038
+1
Broker-introduced finance (£m)
526
+2
1,630
+6
5,831
+7
Sales finance (£m)
777
+5
2,546
+1
9,257
+6
By product:
Finance leasing (£m)
312
+3
1,038
+4
3,886
+6
Operating leasing (£m)
472
-14
1,663
-16
6,335
-7
Lease/Hire purchase (£m)
1,667
+13
5,113
+9
17,273
+5
Other finance (£m)
302
+9
802
-9
3,142
-9
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.
Second charge mortgage new business volumes up by 8% in April
8 June 2018
Commenting on the April 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 reported new business growth of 2% by value and 8% by volume in April, compared with the same period in 2017. In the three months to April 2018, the number of new second charge mortgages was 5,339, unchanged on the same period in 2017.
“This versatile product continues to prove popular with customers.”
Table 1: New second charge mortgage lending
Apr 2018
% change on prev. year
3 months to Apr 2018
% change on prev. year
12 months to Apr 2018
% change on prev. year
Value of new business (£m)
83
+2
251
-2
1,025
+11
Number of new agreements (No.)
1,771
+8
5,339
0
22,145
+9
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.
Consumer finance new business recovers in April after quiet March
8 June 2018
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business in April grew by 22%, compared with the same month last year.
Credit card and personal loan new business together grew by 21% compared with April 2017, while retail store and online credit new business increased by 11%. Second charge mortgage new business increased 2% by value and 8% by volume over the same period.
Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“The recovery in consumer finance new business in April follows a quiet end to the first quarter of 2018 and is consistent with recent improvements in consumer confidence and retail sales.
“Changes to Vehicle Excise Duty in April 2017 have affected the pattern of demand for consumer new car finance. In the first four months of 2018, the point of sale consumer car finance market overall reported new business volumes up by 4% compared with the same period in 2017.”
Table 1: New consumer credit lending
Apr 2018
% change on prev. year
3 months to Apr 2018
% change on prev. year
12 months to Apr 2018
% change on prev. year
Total FLA consumer finance (£m)
8,721
+22
26,294
+9
99,404
+8
Data extracts:
Retail store and online credit (£m)
718
+11
2,063
+8
9,209
+10
Credit cards & personal loans (£m)
4,391
+21
12,613
+12
49,777
+9
Second charge mortgages (£m)
83
+2
251
-2
1,025
+11
Car finance (£m)
3,174
+29
10,357
+7
35,244
+6
Note to editors:
VED changes came into effect on 1 April 2017FLA 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.
Modest growth in second charge mortgage volumes in May
6 July 2018
Commenting on the May 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 May figures are consistent with the stable performance reported by the market in 2018 so far and are also in line with the performance of the wider mortgage market which reported new business steady in the first five months of 2018.”
Table 1: New second charge mortgage lending
May 2018
% change on prev. year
3 months to May 2018
% change on prev. year
12 months to May 2018
% change on prev. year
Value of new business (£m)
88
-1
258
-3
1,025
+9
Number of new agreements (No.)
1,943
+2
5,547
-1
22,200
+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.
Consumer finance new business up by 11% in May
6 July 2018
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business in May grew by 11%, compared with the same month last year.
Credit card and personal loan new business together grew by 11% in May, while retail store and online credit new business increased by 8%. Second charge mortgage new business fell 1% by value, but was up 2% by volume over the same period.
Geraldine Kilkelly, Head of Research and Chief Economist, said:
“Growth in consumer finance new business in May was in line with wider trends in the economy. Retail sales were boosted by events such as the Royal Wedding and hot weather, while the continued strength of the labour market and low interest rate environment meant consumer confidence remained relatively stable in the first half of 2018.”
Table 1: New consumer credit lending
May 2018
% change on prev. year
3 months to May 2018
% change on prev. year
12 months to May 2018
% change on prev. year
Total FLA consumer finance (£m)
9,100
+11
28,248
+10
100,395
+8
Data extracts:
Retail store and online credit (£m)
769
+8
2,206
+8
9,266
+10
Credit cards & personal loans (£m)
4,707
+11
13,454
+13
50,252
+9
Second charge mortgages (£m)
88
-1
258
-3
1,025
+9
Car finance (£m)
3,166
+13
11,236
+8
35,707
+7
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.
Guide educational leave
03.08.2018 Ι Whether computer workshop or language course: Those who want to continue their education and do something for themselves or their career can apply for a special vacation. Our guidebook “Bildungsurlaub” gives tips for a smooth course of the paid education time. A language course would be nice, but so far there was no… Continue reading Guide educational leave
Second charge mortgage new business stable in Q1 2018
11 May 2018
New figures released today by the Finance & Leasing Association (FLA) show that second charge mortgage new business fell 10% by value and 13% by volume in March, compared with the same month in 2017. In Q1 2018 as a whole, new business increased 1% by volume compared with the same quarter in 2017.
Fiona Hoyle, Head of Consumer and Mortgage Finance at the FLA, said:
“March was a quieter month for the consumer credit markets in general. These latest figures show a stable picture for new business volumes in the first quarter overall.”
Table 1: New second charge mortgage lending
Mar 2018
% change on prev. year
3 months to Mar 2018
% change on prev. year
12 months to Mar 2018
% change on prev. year
Value of new business (£m)
86
-10
244
0
1,023
+15
Number of new agreements (No.)
1,826
-13
5,213
+1
22,007
+11
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.