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Consumer car finance continues to grow in July PDF Print E-mail
Thursday, 08 September 2016
New figures released today by the Finance & Leasing Association (FLA) show that the point-of-sale (POS) consumer new car finance market grew 1% by value and 1% by volume in July, compared with the same month last year. 

The percentage of private new car sales financed by FLA members through the POS reached 85.3% in the twelve months to July, up from 84.9% in the twelve months to June.

The POS consumer used car finance market also reported new business growth in July, of 2% by value and 1% by volume. Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “The performance of the POS consumer new and used car finance markets remains in line with our expectations for 2016 as a whole. The FLA’s Q3 2016 retail motor finance confidence survey suggests that new business levels will remain broadly stable over the next twelve months.”

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