CCR Magazine

You are here  :Home arrow News arrow Continued growth in consumer car finance
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Continued growth in consumer car finance PDF Print E-mail
Tuesday, 11 October 2016
New figures released today by the Finance & Leasing Association (FLA) show that new business in the point-of-sale (POS) consumer new car finance market grew 9% by value and 5% by volume in August, compared with the same month last year. 

The percentage of private new car sales financed by FLA members through the POS reached 85.5% in the twelve months to August, up from 85.3% in the twelve months to July.

The POS consumer used car finance market also reported new business growth in August, of 23% by value and 21% by volume. Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “The growth reported by the POS consumer car finance market in August marked more than five years of consecutive monthly new business growth. The performance of this market is in line with our expectations of strong single-digit new business growth in 2016 as a whole.”
 
Enghouse Side Banner

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197