CCR Magazine

You are here  :Home arrow News arrow Consumer car finance volumes stable in 2017
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Consumer car finance volumes stable in 2017 PDF Print E-mail
Friday, 09 February 2018
New figures released today by the Finance & Leasing Association (FLA) show that new business volumes in the point of sale (POS) consumer car finance market in 2017 were at a similar level to 2016, while the value of new business was up by 6% over the same period. New business in December 2017 fell 2% by value and 5% by volume compared with the same month in 2016.  

The POS consumer new car finance market reported new business down 9% by value and 15% by volume in December compared with the same month in 2016. In 2017 as a whole, new business increased 2% by value and fell 7% by volume.

The percentage of private new car sales financed by FLA members through the POS was 88.1% in 2017, compared with 88.2% in 2016.

The POS consumer used car finance market reported new business growth in December of 8% by value and 3% by volume. In 2017 as a whole, new business grew 12% by value and 6% by volume.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “New business volumes in the POS consumer car finance market reached 2.3 million in 2017 – a similar level to 2016. The market expects broadly stable new business volumes in 2018.

“Trends in the new car finance market in the first half of 2018 are likely to be affected by the pattern of demand over the same period last year, when car purchases were brought forward into the first quarter prior to vehicle excise duty changes introduced in April.”

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


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

Registered in England No: 05483197