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Steady growth in consumer finance PDF Print E-mail
Friday, 09 October 2015

Figures released today by the Finance & Leasing Association (FLA) show 6% growth in consumer finance new business in August, compared with the same month last year.

Point-of-sale consumer car finance grew by 12% compared with August 2014, while personal loan and credit card new business together grew by 4% in the same period.

The value of second charge mortgage new business grew by 31% in August compared with the same month in 2014, while the number of new second charge mortgages grew by 1% over the same period.

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

“Consumer finance new business provided by FLA members grew for the seventh consecutive month in August, reflecting the continued improvement in consumer confidence since the beginning of 2015.”

(Source - FLA News Release)  

 

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