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finance and leasing asscociation Articles

Industry UK new car finance market slumps as households cut spending

UK new car finance market slumps as households cut spending

The Finance and Leasing Association is still expecting new car finance to grow in 2023.
By James Fossdyke 13 March 2023
Corporate / Financial UK consumer car finance market up four percent in October

UK consumer car finance market up four percent in October

The Finance and Leasing Association says it's down to supply shortages easing in the car market.
By James Fossdyke 19 December 2022
Corporate / Financial UK car finance market up 43 percent in January

UK car finance market up 43 percent in January

The result is partly down to the pandemic and rising used car prices.
By James Fossdyke 15 March 2022
Corporate / Financial UK: Consumer car finance market up nine percent in 2021

UK: Consumer car finance market up nine percent in 2021

The market was worth a total of 36.7 billion in the UK.
By James Fossdyke 18 February 2022
Corporate / Financial UK car finance market up in November despite new car supply issues

UK car finance market up in November despite new car supply issues

Lenders handed out advances worth more than £3.1 billion to UK private customers.
By James Fossdyke 19 January 2022
Corporate / Financial UK consumer car finance market down again amid chip shortage

UK consumer car finance market down again amid chip shortage

The used market fared better, but slow new car sales hampered growth.
By James Fossdyke 13 December 2021
Corporate / Financial UK consumer car finance market down by a fifth in September

UK consumer car finance market down by a fifth in September

Slow new car sales have seen the market crumble.
By James Fossdyke 12 November 2021
Industry Car finance market slumps amid supply chain issues

Car finance market slumps amid supply chain issues

The chip shortage is having wide-ranging effects.
By James Fossdyke 14 October 2021
Corporate / Financial UK: Supply issues hinder manufacturers and finance companies alike

UK: Supply issues hinder manufacturers and finance companies alike

The UK finance market shrank in July as chip shortages prevented cars from being delivered.
By James Fossdyke 16 September 2021
Corporate / Financial UK buyers borrowed more than £3bn to finance cars in April alone

UK buyers borrowed more than £3bn to finance cars in April alone

That's despite overall sales being down on the average for the month.
By James Fossdyke 10 June 2021
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
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 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 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 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 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 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 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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