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finance and leasing asscociation Articles

Industry Three in four buyers delayed new car purchases due to lockdown

Three in four buyers delayed new car purchases due to lockdown

News comes amid turmoil in the new car market.
By James Fossdyke 13 April 2021
Industry Lockdown keeps consumer car finance market down in February

Lockdown keeps consumer car finance market down in February

But the Finance and Leasing Association is hopeful of improvement as lockdown is eased.
By James Fossdyke 12 April 2021
Corporate / Financial UK new car finance down 35 percent in January as lockdown bites

UK new car finance down 35 percent in January as lockdown bites

But 93 percent of all private new car sales still involve some kind of finance deal.
By James Fossdyke 22 March 2021
Corporate / Financial New car finance market down by a quarter in turbulent 2020

New car finance market down by a quarter in turbulent 2020

But the used car finance sector wasn't hit quite so badly.
By James Fossdyke 15 February 2021
Corporate / Financial FCA proposes new guidance surrounding car finance repossessions

FCA proposes new guidance surrounding car finance repossessions

Repossessions could restart in February, but only as a "last resort".
By James Fossdyke 15 January 2021
Corporate / Financial UK car finance market slumped as England locked down in November

UK car finance market slumped as England locked down in November

The finance market fell by around a quarter in November.
By James Fossdyke 14 January 2021
Corporate / Financial New car finance market grows again despite fall in sales

New car finance market grows again despite fall in sales

The number of new cars acquired on finance by private buyers was up five percent in September.
By James Fossdyke 06 November 2020
Corporate / Financial Car finance customers will get option of six-month payment deferrals

Car finance customers will get option of six-month payment deferrals

But the move has been blasted by the finance sector.
By James Fossdyke 03 November 2020
Corporate / Financial Car finance market up slightly in August despite drop in demand

Car finance market up slightly in August despite drop in demand

The consumer new car finance deals agreed in August were worth more than £1bn,
By James Fossdyke 13 October 2020
Corporate / Financial Growth in new car market prompts surge in car finance

Growth in new car market prompts surge in car finance

The market was worth more than £1.7bn in July.
By James Fossdyke 09 September 2020
Corporate / Financial Used car finance market soared in June despite sluggish new car sales

Used car finance market soared in June despite sluggish new car sales

Finance customers rushed to used car forecourts as lockdown was eased.
By James Fossdyke 10 August 2020
Corporate / Financial Car finance customers could 'save £165m' due to new rules

Car finance customers could 'save £165m' due to new rules

The rule change will come into force next year.
By James Fossdyke 29 July 2020
Corporate / Financial FCA extends car finance Covid payment holidays for extra three months

FCA extends car finance Covid payment holidays for extra three months

Those facing "temporary payment difficulties" get another three months of payment freezes.
By James Fossdyke 20 July 2020
Corporate / Financial Non-bank lenders ask for help as forbearance requests top 1.6 million

Non-bank lenders ask for help as forbearance requests top 1.6 million

Industry body says lenders need "urgent" government support.
By James Fossdyke 15 June 2020
Corporate / Financial Car finance dropped dramatically in April

Car finance dropped dramatically in April

The coronavirus caused the finance market to shrink hugely.
By Dominik Wilde 09 June 2020
Corporate / Financial New car finance market suffered in March as sales were slashed

New car finance market suffered in March as sales were slashed

Industry body says government intervention may be needed.
By James Fossdyke 11 May 2020
Corporate / Financial Car finance industry could need government 'help' to aid customers

Car finance industry could need government 'help' to aid customers

The Finance and Leasing Association says it will need support if the pandemic drags on.
By James Fossdyke 28 April 2020
Corporate / Financial New car finance market suffers as sales slump

New car finance market suffers as sales slump

But more than nine in 10 new cars are still acquired on finance.
By James Fossdyke 16 April 2020
Corporate / Financial New car finance market grew to £19.6 billion in 2019

New car finance market grew to £19.6 billion in 2019

More than nine in 10 new cars acquired by private buyers were financed.
By James Fossdyke 17 February 2020
Corporate / Financial Consumer new car finance market slumped amid slow November sales

Consumer new car finance market slumped amid slow November sales

The number of new cars financed fell eight percent.
By James Fossdyke 30 January 2020
Corporate / Financial Record proportion of private car sales were financed in past 12 months

Record proportion of private car sales were financed in past 12 months

More than nine in 10 new private cars were bought on finance.
By James Fossdyke 23 December 2019
Corporate / Financial Consumer car finance market worth £4.3 billion in September alone

Consumer car finance market worth £4.3 billion in September alone

The new car finance sector rose in value, despite a reduction in volume.
By James Fossdyke 25 November 2019
Corporate / Financial Car finance market worth almost £4.3 billion in September alone

Car finance market worth almost £4.3 billion in September alone

Despite the new 69-plate, it was used car finance that grew most impressively.
By James Fossdyke 08 November 2019
Corporate / Financial FCA takes steps to protect those buying cars on finance

FCA takes steps to protect those buying cars on finance

Bans on certain types of commission systems will "save customers money"
By James Fossdyke 16 October 2019
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