Consumer car finance new business volumes fell by 3% in July 2022

New figures released on September 8th by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in July 2022 by 3% compared with the same month in 2021. However, the corresponding value of new business increased by 5% over the same period. In the first seven months of 2022, new business volumes were also 5% higher than in the same period in 2021.

Consumer car finance new business volumes fell by 3% in July 2022

Sep 12, 2022

New figures released on September 8th by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in July 2022 by 3% compared with the same month in 2021. However, the corresponding value of new business increased by 5% over the same period. In the first seven months of 2022, new business volumes were also 5% higher than in the same period in 2021.

Asset finance new business grew by 2% in July 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in July 2022 by 2% compared with the same month in 2021. In the first seven months of 2022, new business remained 2% higher than in the same period in 2021.

Asset finance new business grew by 2% in July 2022

Sep 08, 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in July 2022 by 2% compared with the same month in 2021. In the first seven months of 2022, new business remained 2% higher than in the same period in 2021.

Asset finance new business grew by 2% in June 2022

New figures released in August by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in June 2022 by 2% compared with the same month in 2021. In the first half of 2022, new business was also 2% higher than in the same period in 2021.

Asset finance new business grew by 2% in June 2022

Aug 16, 2022

New figures released in August by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in June 2022 by 2% compared with the same month in 2021. In the first half of 2022, new business was also 2% higher than in the same period in 2021.

Vans driving leasing sector recovery

The BVRLA leasing fleet grew 5.1% in 2021 to pass pre-pandemic levels with vans continuing to drive the recovery of the sector, adding around 80,000 vehicles to reach nearly half a million. The association said year-on-year growth of 18.8% highlights the essential role that vans play in keeping the UK’s supply chains healthy.

Vans driving leasing sector recovery

Apr 21, 2022

The BVRLA leasing fleet grew 5.1% in 2021 to pass pre-pandemic levels with vans continuing to drive the recovery of the sector, adding around 80,000 vehicles to reach nearly half a million. The association said year-on-year growth of 18.8% highlights the essential role that vans play in keeping the UK’s supply chains healthy.

Risk of a ‘hard landing’ ahead for economy

Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from Covid-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to slow markedly from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023 as pent-up demand dissipates and as fiscal and monetary support is unwound across the world.

Risk of a ‘hard landing’ ahead for economy

Jan 13, 2022

Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from Covid-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to slow markedly from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023 as pent-up demand dissipates and as fiscal and monetary support is unwound across the world.

EV sales leap as Covid stalls 2021 UK new car market

Covid and the semiconductor shortage left their mark on the UK’s new car market, which ended last year 28.7% down on pre-pandemic 2019, representing the second worst year since 1992. However, 2021 was the most successful year in history for electric vehicle uptake as more new battery electric vehicles (BEVs) were registered than over the previous five years combined, according to data from the Society of Motor Manufacturers and Traders (SMMT). Overall, new car registrations grew by a marginal 1% on a pandemic-ravaged 2020, as 1.65 million new cars entered the UK market.

EV sales leap as Covid stalls 2021 UK new car market

Jan 07, 2022

Covid and the semiconductor shortage left their mark on the UK’s new car market, which ended last year 28.7% down on pre-pandemic 2019, representing the second worst year since 1992. However, 2021 was the most successful year in history for electric vehicle uptake as more new battery electric vehicles (BEVs) were registered than over the previous five years combined, according to data from the Society of Motor Manufacturers and Traders (SMMT). Overall, new car registrations grew by a marginal 1% on a pandemic-ravaged 2020, as 1.65 million new cars entered the UK market.

Record used car sales, powered by fuel anxiety-induced EV popularity

Used car prices hit another all-time high in September, posting a 21.4% like-for-like increase, according to Auto Trader. Its analysis shows last month’s hike beats August’s 17.2% month-on-month increase, which itself was the largest single month of price growth on record. Based daily pricing analysis of some 900,000 vehicles, Auto Trader is now predicting a total of circa 7.75 million used car sales in 2021.

Record used car sales, powered by fuel anxiety-induced EV popularity

Oct 07, 2021

Used car prices hit another all-time high in September, posting a 21.4% like-for-like increase, according to Auto Trader. Its analysis shows last month’s hike beats August’s 17.2% month-on-month increase, which itself was the largest single month of price growth on record. Based daily pricing analysis of some 900,000 vehicles, Auto Trader is now predicting a total of circa 7.75 million used car sales in 2021.

Asset finance market recovering but supply constraints remain an issue

New business volumes in the consumer car finance market fell 20% in July 2021 compared with the same month in 2020, while the value of new business decreased by 19%. new figures from the Finance & Leasing Association (FLA) have revealed. In the first seven months of 2021, new business volumes were 20% higher than in the same period last year.

Asset finance market recovering but supply constraints remain an issue

Sep 13, 2021

New business volumes in the consumer car finance market fell 20% in July 2021 compared with the same month in 2020, while the value of new business decreased by 19%. new figures from the Finance & Leasing Association (FLA) have revealed. In the first seven months of 2021, new business volumes were 20% higher than in the same period last year.

Used car market roars ahead, and auto finance prospects positive

The UK recorded its best ever second quarter for the used car market as the nation emerged from lockdown, according to figures from the Society of Motor Manufacturers and Traders (SMMT), although while auto finance volumes remain healthy, they are starting to ease after a post-pandemic surge.

Used car market roars ahead, and auto finance prospects positive

Aug 19, 2021

The UK recorded its best ever second quarter for the used car market as the nation emerged from lockdown, according to figures from the Society of Motor Manufacturers and Traders (SMMT), although while auto finance volumes remain healthy, they are starting to ease after a post-pandemic surge.

UK auto sector struggles in the face of Covid, Brexit and global chip shortages

UK car factories turned out 69,097 units in June, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), the lowest June total since 1953, as the global chip shortage, supply issues and new trading rules with Europe continue to hit the automotive sector hard. Over the first half of 2021, 498,923 units rolled off production lines, a 38.4% decline on the five-year, first-half average and representing a loss of 311,160 cars worth more than £8.5 billion.

UK auto sector struggles in the face of Covid, Brexit and global chip shortages

Aug 02, 2021

UK car factories turned out 69,097 units in June, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), the lowest June total since 1953, as the global chip shortage, supply issues and new trading rules with Europe continue to hit the automotive sector hard. Over the first half of 2021, 498,923 units rolled off production lines, a 38.4% decline on the five-year, first-half average and representing a loss of 311,160 cars worth more than £8.5 billion.

FLA reports broad-based recovery in asset finance market

New figures from the Finance & Leasing Association (FLA) show the asset finance sector is starting to bounce back strongly, more than a year after Covid-19 saw activity stall, with consumer car finance leading the way. Total asset finance new business (primarily leasing and hire purchase) grew by 106% in May 2021 compared with the same month in 2020. In the first five months of 2021, new business was 26% higher than in the same period in 2020.

FLA reports broad-based recovery in asset finance market

Jul 13, 2021

New figures from the Finance & Leasing Association (FLA) show the asset finance sector is starting to bounce back strongly, more than a year after Covid-19 saw activity stall, with consumer car finance leading the way. Total asset finance new business (primarily leasing and hire purchase) grew by 106% in May 2021 compared with the same month in 2020. In the first five months of 2021, new business was 26% higher than in the same period in 2020.