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Continued strong growth in motor finance PDF Print E-mail
Thursday, 04 June 2015

Figures released today by the Finance & Leasing Association (FLA) show point-of-sale consumer new car finance up 11% by volume and 17% by value in April, compared with the same month last year.

The percentage of private new car sales financed by FLA members through dealerships reached 77.3%, a new record.

Point-of-sale consumer used car finance saw continued strong growth in April, up 15% by volume and 19% by value.

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

“In April, the consumer car finance market grew at its strongest rate since September last year.  This contributed to growth of 8% in new business volumes in the first four months of 2015, which is in line with market expectations for growth in 2015 as a whole.”

(Source - FLA News Release)  

 

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