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Consumer new car finance volumes up 12% in April PDF Print E-mail
Friday, 10 June 2016
New figures released today by the Finance & Leasing Association (FLA) show that the point-of-sale (POS) consumer new car finance market grew 17% by value and 12% by volume in April, compared with the same month last year.  

The percentage of private new car sales financed by FLA members through the POS reached 83.6% in the twelve months to April, up from 82.7% in the twelve months to March.

The POS consumer used car finance market also reported further new business growth in April of 9% by value and 8% by volume.

Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “Growth in new business volumes reported by the POS consumer car finance market was relatively steady in April and in line with the industry’s expectations of achieving solid single-digit growth in 2016 as a whole.”

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