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Continued strong growth in motor finance PDF Print E-mail
Friday, 08 April 2016
New figures released today by the Finance & Leasing Association (FLA) show that the point-of-sale consumer new car finance market saw new business grow 27% by value and 22% by volume in February, compared with the same month last year. 

The percentage of private new car sales financed by FLA members through the point-of-sale reached 81.9% in the twelve months to February 2016, up from 81.7% in the twelve months to January.

The point-of-sale consumer used car finance market also saw strong growth in February, with new business up 23% by value and 18% by volume.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “February saw the point-of-sale consumer new car finance market report its twelfth consecutive month of growth in new business volumes. For the first time on record, annual new business volumes in this market surpassed the 1 million mark, with the majority of these purchased on finance secured against the car.”

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