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Consumer new car finance volumes up 10% in March PDF Print E-mail
Friday, 08 May 2015

Figures released today by the Finance & Leasing Association (FLA) show 10% growth in point-of-sale consumer new car finance volumes in March, compared with the same month a year earlier, and 6% growth in Q1 2015 overall.

The percentage of private new car sales financed through dealerships by FLA members reached a new high of 76.8% in the twelve months to March.

The point-of-sale consumer used car finance market also put in a good performance, with volumes up by 11% in March, and 8% in Q1 2015 as a whole.

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

“Both consumer new and used car finance markets reported a strong end to the first quarter of 2015 and record levels of new business volumes in the twelve-month period to March.”

(Source - FLA News Release)  

 

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