Latest FLA Statistics
Industry News | 17/04/20
Motor Finance Statistics
New figures released by the Finance & Leasing Association (FLA) show that new business volumes in the consumer car finance market fell in February 2020 by 1% compared with the same month in 2019. The consumer new car finance market reported new business volumes 8% lower in February 2020 compared with the same month in 2019. The percentage of private new car sales financed by FLA members was 91.8% in the twelve months to February 2020. The consumer used car finance market reported new business volumes up by 1% in February 2020 compared with the same month in 2019.
Consumer Finance Statistics
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in February 2020 by 6% compared with the same month in 2019. Credit card and personal loan new business together grew in February 2020 by 9% compared with the same month in 2019, while retail store and online credit new business increased by 2% over the same period.
Asset Finance Statistics
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell by 7% in February 2020 compared with the same month in 2019. The IT equipment finance and plant and machinery finance sectors reported new business up in February 2020 by 10% and 1% respectively, compared with the same month in 2019. But both the commercial vehicle finance and business car finance sectors reported falls in new business of 13% over the same period.
