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finance 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
Industry UK: Seven in 10 youngsters need parents' financial support to stay on road

UK: Seven in 10 youngsters need parents' financial support to stay on road

Those who receive help from the Bank of Mum and Dad get an average of almost £800.
By James Fossdyke 14 September 2022
Corporate / Financial UK: Third of drivers unaware used cars can be financed too

UK: Third of drivers unaware used cars can be financed too

New study shows drivers are in the dark about second-hand car finance.
By James Fossdyke 05 July 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
Industry UK: One in three drivers to change their car in 2022

UK: One in three drivers to change their car in 2022

But buyers now favour monthly payments over buying outright.
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
Green UK: New Nissan EV finance package includes a home charger

UK: New Nissan EV finance package includes a home charger

Nissan calls the scheme a one-stop shop for electric motoring.
By James Fossdyke 15 October 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
Industry UK: Half of young drivers spend more on car finance than housing

UK: Half of young drivers spend more on car finance than housing

Men are twice as likely to find themselves in this situation.
By James Fossdyke 20 July 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
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 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
Motorsport.com McLaren set to arrange loan with Bahrain national bank

McLaren set to arrange loan with Bahrain national bank

The McLaren Group looks set to arrange a loan from the National Bank of Bahrain to address an urgent cash shortfall.
By Adam Cooper 25 June 2020
Motorsport.com McLaren takes legal action in refinancing battle

McLaren takes legal action in refinancing battle

McLaren has successfully applied for fast-tracked legal action in the UK courts in a battle for urgent refinancing.
By Adam Cooper 24 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 Fiat reveals payment waivers for finance customers who lose their jobs

Fiat reveals payment waivers for finance customers who lose their jobs

The offer is available with finance taken between June 1 and September 30.
By James Fossdyke 03 June 2020
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