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Consumer car finance volumes up 5% in February PDF Print E-mail
Friday, 10 April 2015

Figures released today by the Finance & Leasing Association (FLA) show that point-of-sale consumer car finance volumes grew overall by 5% in February to more than 133,000.  

The consumer used car finance market saw growth strengthen in February as new business volumes increased by 9% compared with the same month in 2014.

Consumer new car finance volumes fell by 3% in February, but remained 9% up in the twelve months to February 2015. The percentage of private new car sales financed by FLA members through dealerships stood at 76.0% in the twelve months to February 2015.

Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:

“The point-of-sale consumer car finance market has reported growth each month for almost four years.  The FLA’s Q1 2015 retail motor finance confidence survey shows that the majority of respondents expect single-digit growth in new business over the next twelve months.”

(Source - FLA News Release)  


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