FLA October figures published

Asset finance +
Total asset finance new business (primarily leasing and hire purchase) fell by 14% in October 2020 compared with the same month in 2019. In the ten months to October 2020, new business was 26% lower than in the same period in 2019.

Consumer car finance +
The consumer car finance market reported a fall in new business volumes of 3% in October 2020 compared with the same month in 2019. In the ten months to October 2020, new business volumes in this market were 20% lower than in the same period in 2019.

Consumer finance+
Consumer finance new business fell in October 2020 by 11% compared with the same month in 2019, and decreased by 18% in the ten months to October 2020.