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Motor finance market makes positive start to 2018 PDF Print E-mail
Wednesday, 21 March 2018
New figures released today by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer car finance market increased 7% by volume and 13% by value in January, compared with the same month in 2017.  

New business volumes in the POS consumer new car finance market fell by 4% compared with January 2017, while the value of new business increased by 4% over the same period.

The percentage of private new car sales financed by FLA members through the POS was 88.5% in the twelve months to January, compared with 88.2% in the twelve months to December 2017.

The POS consumer used car finance market reported new business in January up 13% by volume and 20% by value, compared with the same month in 2017.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “New business trends in the POS consumer car finance market continued in a similar vein to 2017. In the twelve months to January, overall new business volumes in this market held steady at almost 2.4 million.”
 

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