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Consumer new car finance volumes up 3% in September PDF Print E-mail
Friday, 11 November 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 3% by volume in September, compared with the same month last year. In Q3 2016 as a whole, new business was up 7% by value and 3% by volume.  

The percentage of private new car sales financed by FLA members through the POS reached 86.2% in the twelve months to September, up from 85.5% in the twelve months to August.

The POS consumer used car finance market also reported new business growth in September, of 8% by value and 5% by volume.

Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “The POS consumer car finance market continued to grow in line with expectations in September. This contributed to strong single-digit new business volumes growth of 9% in the first nine months of 2016.”

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