Consumer car finance market in UK up by 9% in August ahead of WLTP emissions tests

New business volumes in the point of sale (POS) consumer new car finance market grew by 9% in August, compared with the same month in 2017, according to data from the Finance and Leasing Association. The value of new business was up by 14% over the same period. The rise comes ahead of a potential dip in September, as vehicle sales were brought forward to avoid the introduction of tough new WLTP emission regulations by the EU. These were introduced in the wake of an ongoing scandal where millions of cars that passed official tests were found to be breaching emissions limits in real-world use.

Consumer car finance market in UK up by 9% in August ahead of WLTP emissions tests

Oct 05, 2018

New business volumes in the point of sale (POS) consumer new car finance market grew by 9% in August, compared with the same month in 2017, according to data from the Finance and Leasing Association. The value of new business was up by 14% over the same period. The rise comes ahead of a potential dip in September, as vehicle sales were brought forward to avoid the introduction of tough new WLTP emission regulations by the EU. These were introduced in the wake of an ongoing scandal where millions of cars that passed official tests were found to be breaching emissions limits in real-world use.

UK asset finance market reports double-digit growth in August

New figures from the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 10% in August, compared with the same month last year. The plant and machinery finance sector reported new business up in August by 10% compared with the same month in 2017, while new finance for business equipment was up by 15% over the same period.

UK asset finance market reports double-digit growth in August

Oct 05, 2018

New figures from the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 10% in August, compared with the same month last year. The plant and machinery finance sector reported new business up in August by 10% compared with the same month in 2017, while new finance for business equipment was up by 15% over the same period.

UK point of sale consumer car finance volumes up by 6% in July

Point of sale (POS) consumer car finance new business volumes grew 6% in July, compared with the same month in 2017, while the value of new business increased by 11% over the same period, according to new figures from the Finance and Leasing Association. The POS consumer new car finance market reported new business in July up 5% by volume and 10% by value, compared with the same month in 2017. The percentage of private new car sales financed by FLA members through the POS was 89.8% in the year to the end of July.

UK point of sale consumer car finance volumes up by 6% in July

Sep 07, 2018

Point of sale (POS) consumer car finance new business volumes grew 6% in July, compared with the same month in 2017, while the value of new business increased by 11% over the same period, according to new figures from the Finance and Leasing Association. The POS consumer new car finance market reported new business in July up 5% by volume and 10% by value, compared with the same month in 2017. The percentage of private new car sales financed by FLA members through the POS was 89.8% in the year to the end of July.

Asset-based lending rises in UK

Lending against assets other than invoices amounted to £4.3bn during the second quarter of 2018, a rise of 5.6% compared to the same period last year, according to new figures from UK Finance. Demand has been driven in particular by funding advanced against stock, which was up 18% year-on-year.

Asset-based lending rises in UK

Sep 04, 2018

Lending against assets other than invoices amounted to £4.3bn during the second quarter of 2018, a rise of 5.6% compared to the same period last year, according to new figures from UK Finance. Demand has been driven in particular by funding advanced against stock, which was up 18% year-on-year.

Spanish leasing market continues long road to recovery

The Spanish leasing market has posted one of its strongest quarters in a decade as the market continues its long-term recovery following the global recession. After a year-on-year dip during Q1 2018, the second quarter saw new business leap to more than €2 billion for only the third quarter since 2010, according to the Spanish Leasing and Rental Association (Asociación Española de Leasing y Renting - AER).

Spanish leasing market continues long road to recovery

Aug 20, 2018

The Spanish leasing market has posted one of its strongest quarters in a decade as the market continues its long-term recovery following the global recession. After a year-on-year dip during Q1 2018, the second quarter saw new business leap to more than €2 billion for only the third quarter since 2010, according to the Spanish Leasing and Rental Association (Asociación Española de Leasing y Renting - AER).

Strong growth for UK car finance in June

The value of advances for point-of-sale car finance grew 10% year-on-year in June compared to the same month in 2017, according to new figures released by the Finance & Leasing Association (FLA). While sales of new cars to consumers grew by 1% in June, compared to the same month in 2017, the value of new business was up by 9%. The percentage of private new car sales financed by FLA members through the POS was 89.5% in the 12 months to June. In the POS consumer used car finance market, new business was up 4% by volume and 11% by value, compared to the same month in 2017.

Strong growth for UK car finance in June

Aug 15, 2018

The value of advances for point-of-sale car finance grew 10% year-on-year in June compared to the same month in 2017, according to new figures released by the Finance & Leasing Association (FLA). While sales of new cars to consumers grew by 1% in June, compared to the same month in 2017, the value of new business was up by 9%. The percentage of private new car sales financed by FLA members through the POS was 89.5% in the 12 months to June. In the POS consumer used car finance market, new business was up 4% by volume and 11% by value, compared to the same month in 2017.

Fall in asset finance new business in June

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell in June by 3% compared with the same month in 2017. There were falls in plant and machinery, business equipment and car finance, while IT, commercial vehicle, aircraft, ships and rolling stock showed year-on-year growth.

Fall in asset finance new business in June

Aug 15, 2018

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell in June by 3% compared with the same month in 2017. There were falls in plant and machinery, business equipment and car finance, while IT, commercial vehicle, aircraft, ships and rolling stock showed year-on-year growth.

Societe Generale Equipment Finance leads Leaseurope ranking of top leasing companies

Leasing industry association Leaseurope has revealed its annual ranking of the largest European leasing companies and named Societe Generale Equipment Finance as the largest company. The ranking provides a yearly update on new leasing volumes and portfolios of the largest leasing firms in Europe. Companies are ranked according to the value of their new contracts in 2017. Societe General Equipment Finance, including ALD Automotive, reported nearly 600,000 new contracts and more than €19 billion of new business.

Societe Generale Equipment Finance leads Leaseurope ranking of top leasing companies

Jul 16, 2018

Leasing industry association Leaseurope has revealed its annual ranking of the largest European leasing companies and named Societe Generale Equipment Finance as the largest company. The ranking provides a yearly update on new leasing volumes and portfolios of the largest leasing firms in Europe. Companies are ranked according to the value of their new contracts in 2017. Societe General Equipment Finance, including ALD Automotive, reported nearly 600,000 new contracts and more than €19 billion of new business.

Spanish vehicle leasing market grows 10% in first half of 2018

The Spanish Vehicle Leasing Association (Asociación Española de Renting de Vehículos) has revealed its member fleet grew 10% in the first half of 2018, compared to the same period last year. Members added more than 155,000 vehicles, taking the total fleet to nearly 860,000 units. During June, members registered 31,604 cars and vans, a rise of nearly 16% compared to the same period last year.

Spanish vehicle leasing market grows 10% in first half of 2018

Jul 09, 2018

The Spanish Vehicle Leasing Association (Asociación Española de Renting de Vehículos) has revealed its member fleet grew 10% in the first half of 2018, compared to the same period last year. Members added more than 155,000 vehicles, taking the total fleet to nearly 860,000 units. During June, members registered 31,604 cars and vans, a rise of nearly 16% compared to the same period last year.

Average UK POS car finance breaks £20,000 barrier for first time as demand rises

New business in the point of sale (POS) consumer new car finance market grew 15% by value and 10% by volume in May, compared with the same month in 2017. The rise has pushed the average value of car finance to more than £20,000 for the first time, based on dividing the total amount financed by the number of cars funded. The percentage of private new car sales financed by FLA members through the POS was 89.3% in the 12 months to May 2018, unchanged compared with the same period to April 2018.

Average UK POS car finance breaks £20,000 barrier for first time as demand rises

Jul 06, 2018

New business in the point of sale (POS) consumer new car finance market grew 15% by value and 10% by volume in May, compared with the same month in 2017. The rise has pushed the average value of car finance to more than £20,000 for the first time, based on dividing the total amount financed by the number of cars funded. The percentage of private new car sales financed by FLA members through the POS was 89.3% in the 12 months to May 2018, unchanged compared with the same period to April 2018.

UK asset finance market continues to grow

New figures released 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.

UK asset finance market continues to grow

Jul 06, 2018

New figures released 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.

UK leasing market shrinks as uncertainty takes toll

The UK car leasing market shrank in the first quarter of 2018, according to the British Vehicle Rental and Leasing Association. The total size of the leasing sector for cars and vans was 1.329 million at the end of Q1 2018, a fall of 16,000 compared to the same period last year. The fleet leasing market for cars (contract hire and finance lease only) shrank 4% year-on-year, to end the quarter at 948,000. Total car leasing, covering all leasing types, fell by 1% year-on-year compared to growth of 2% in Q4 2017 and a rise of 11% for the same period in 2017.

UK leasing market shrinks as uncertainty takes toll

Jun 22, 2018

The UK car leasing market shrank in the first quarter of 2018, according to the British Vehicle Rental and Leasing Association. The total size of the leasing sector for cars and vans was 1.329 million at the end of Q1 2018, a fall of 16,000 compared to the same period last year. The fleet leasing market for cars (contract hire and finance lease only) shrank 4% year-on-year, to end the quarter at 948,000. Total car leasing, covering all leasing types, fell by 1% year-on-year compared to growth of 2% in Q4 2017 and a rise of 11% for the same period in 2017.

Spanish leasing market drops in Q1 2018

Spain saw a fall in its leasing market in the first quarter of 2018, although new business demand was still the second highest this decade. According to the Spanish Leasing and Rental Association (AER), new business volumes fell from nearly €2 billion in the first quarter of 2017 to just under €1.7 billion for the same period in 2018.

Spanish leasing market drops in Q1 2018

Jun 21, 2018

Spain saw a fall in its leasing market in the first quarter of 2018, although new business demand was still the second highest this decade. According to the Spanish Leasing and Rental Association (AER), new business volumes fell from nearly €2 billion in the first quarter of 2017 to just under €1.7 billion for the same period in 2018.

UK invoice and asset-based lending rises 4% in Q1 2018

New figures from industry trade association UK Finance have revealed that invoice and asset-based lending grew 4% in Q1 2018 compared to the same period last year. Asset-based lending was up 10.7% to £4.3 billion, while invoice finance rose 2.4% to £17.4 billion. Stephen Pegge, managing director commercial at UK Finance, said: “Invoice finance and asset-based lending by UK Finance members showed solid growth in the first quarter and stood at almost £22 billion, up 4% on 2017. “Members are reporting particularly strong growth in asset-based lending facilities, showing that as well as funding against invoices, client businesses are increasingly accessing wider finance facilities secured against stock.”

UK invoice and asset-based lending rises 4% in Q1 2018

Jun 12, 2018

New figures from industry trade association UK Finance have revealed that invoice and asset-based lending grew 4% in Q1 2018 compared to the same period last year. Asset-based lending was up 10.7% to £4.3 billion, while invoice finance rose 2.4% to £17.4 billion. Stephen Pegge, managing director commercial at UK Finance, said: “Invoice finance and asset-based lending by UK Finance members showed solid growth in the first quarter and stood at almost £22 billion, up 4% on 2017. “Members are reporting particularly strong growth in asset-based lending facilities, showing that as well as funding against invoices, client businesses are increasingly accessing wider finance facilities secured against stock.”

Equipment finance up 9.3% in France during Q1 2018

Data from the French Finance Association (ASF) has revealed equipment asset finance new business grew by 9.3% to €6.9 billion in the first quarter of 2018. The rise continues the trend for growth after an 8.8% increase in Q4 last year and a rise of 7.4% in Q3 2017. The increase in business demand for funding marks a key milestone for the equipment finance market, as total lending volume reached €28.3 billion at the end of March 2018, 11.6% higher than the total market before the financial crisis in 2008.

Equipment finance up 9.3% in France during Q1 2018

Jun 08, 2018

Data from the French Finance Association (ASF) has revealed equipment asset finance new business grew by 9.3% to €6.9 billion in the first quarter of 2018. The rise continues the trend for growth after an 8.8% increase in Q4 last year and a rise of 7.4% in Q3 2017. The increase in business demand for funding marks a key milestone for the equipment finance market, as total lending volume reached €28.3 billion at the end of March 2018, 11.6% higher than the total market before the financial crisis in 2008.

UK consumer car finance market powers to new April high

The UK new car finance market powered to a new monthly high for April, latest figures from the Finance & Leasing Association (FLA) show. New business in the point of sale (POS) consumer new car finance market grew 31% by value and 27% by volume in April, compared with the same month last year, when market growth dipped substantially. The percentage of private new car sales financed by FLA members through the POS was 89.7% in the 12 months to April 2018.

UK consumer car finance market powers to new April high

Jun 08, 2018

The UK new car finance market powered to a new monthly high for April, latest figures from the Finance & Leasing Association (FLA) show. New business in the point of sale (POS) consumer new car finance market grew 31% by value and 27% by volume in April, compared with the same month last year, when market growth dipped substantially. The percentage of private new car sales financed by FLA members through the POS was 89.7% in the 12 months to April 2018.

UK asset finance market rebounds in April

Figures from the UK’s Finance & Leasing Association show that asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2017. New business in the plant and machinery finance and business equipment finance sectors was up by 13% and 18% respectively, while commercial vehicle finance new business increased by 13% over the same period.

UK asset finance market rebounds in April

Jun 08, 2018

Figures from the UK’s Finance & Leasing Association show that asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2017. New business in the plant and machinery finance and business equipment finance sectors was up by 13% and 18% respectively, while commercial vehicle finance new business increased by 13% over the same period.

Polish leasing market accelerates in Q1 2018

The Polish leasing market saw year-on-year growth of 20.9% during Q1 2018 as new business reached PLN18.6 billion ($5.1 billion). According to the Polish Leasing Association (ZPL), there was growth in every area of the market, with new finance for cars and vans up to 3.5 tonnes rising 23%. Finance for heavy goods vehicles was up 18%, while equipment and IT rose 19% compared to the same period last year. Together the three areas accounted for 98% of the market. Real estate accounts for most of the remainder.

Polish leasing market accelerates in Q1 2018

Jun 04, 2018

The Polish leasing market saw year-on-year growth of 20.9% during Q1 2018 as new business reached PLN18.6 billion ($5.1 billion). According to the Polish Leasing Association (ZPL), there was growth in every area of the market, with new finance for cars and vans up to 3.5 tonnes rising 23%. Finance for heavy goods vehicles was up 18%, while equipment and IT rose 19% compared to the same period last year. Together the three areas accounted for 98% of the market. Real estate accounts for most of the remainder.

Equipment leasing rises 18% in Netherlands

The Netherlands Leasing Association (NVL) has revealed that demand rose strongly in the first quarter of 2018 to €1.6 billion. The association described the rise of 18% compared to the same period last year an “exceptionally strong start to the year”. The result marks a new high in lending for members of the association, just ahead of previous highs reached in Q2 and Q4 2017.

Equipment leasing rises 18% in Netherlands

May 29, 2018

The Netherlands Leasing Association (NVL) has revealed that demand rose strongly in the first quarter of 2018 to €1.6 billion. The association described the rise of 18% compared to the same period last year an “exceptionally strong start to the year”. The result marks a new high in lending for members of the association, just ahead of previous highs reached in Q2 and Q4 2017.

New leasing association helps unlock Africa’s $80 billion leasing market

The International Finance Corporation, a member of the World Bank Group, has formally launched Africalease, a new association to promote leasing in sub-Saharan Africa. Also known as the African Leasing Association, the association was launched at a major leasing conference in Accra, Ghana, organised by IFC and SECO, the Swiss state secretariat for economic affairs.

New leasing association helps unlock Africa’s $80 billion leasing market

May 14, 2018

The International Finance Corporation, a member of the World Bank Group, has formally launched Africalease, a new association to promote leasing in sub-Saharan Africa. Also known as the African Leasing Association, the association was launched at a major leasing conference in Accra, Ghana, organised by IFC and SECO, the Swiss state secretariat for economic affairs.

Car finance maintains long-term growth despite falls

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, new figures have revealed. Despite this, for Q1 2018, the value of new business grew 3%, although volumes fell by 1% compared with the same quarter in 2017. A fall in consumer new car finance of 9% by value and 15% by volume was offset by the used car market, where new business was up 4% in March, compared to last year, although volumes fell 1%.

Car finance maintains long-term growth despite falls

May 11, 2018

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, new figures have revealed. Despite this, for Q1 2018, the value of new business grew 3%, although volumes fell by 1% compared with the same quarter in 2017. A fall in consumer new car finance of 9% by value and 15% by volume was offset by the used car market, where new business was up 4% in March, compared to last year, although volumes fell 1%.