Consumer car finance market falls by 1% in November

New figures released today by the Finance & Leasing Association (FLA) show that the point of sale (POS) consumer car finance market fell by 1% in November, compared with the same month in 2017.

The percentage of private new car sales financed by FLA members through the POS was 91.2% in the twelve months to November.

The POS consumer used car finance market reported new business in November up 5% by value, while volumes remained at a similar level to the same month in 2017.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “The POS consumer car finance market is on course for single-digit new business volumes growth in 2018 as a whole, despite the quieter performance of the market in November.”