0 £0.00
This item was added to your basket
Search

Dear visitor,
You are viewing 1 of your 1 free articles


We’ve made wider, important changes to our print and online content to enhance the value of exclusive, insightful, discerning content we create every day. Support valuable editorial content by becoming a member of our Credit Club - register for free or choose a paid plan.

Register now or Login

Three percent fall in consumer car finance new business

Figures from the Finance & Leasing Association (FLA) show that point of sale consumer car finance new business volumes fell by three percent in May compared with the same month last year.

The value of new business fell by one percent over the same period.

 

New business in the point of sale consumer new car finance market fell one percent by value and four percent by volume in May, compared with the same month in 2018. The percentage of private new car sales financed by FLA members through the POS held steady at 91 percent in the twelve months to May 2019.

 

The value of POS consumer used car finance new business in May was a similar level to the same month in 2018, while new business volumes fell by three percent.

 

Geraldine Kilkelly, head of research and chief economist, said: “The POS consumer car finance market reported new business volumes of almost 1.1 million in the first five months of 2019, only one percent lower than in the same period in 2018.”

 

“We continue to expect broadly stable new business volumes in 2019 as a whole. Consumer confidence about their own personal finances remains relatively strong, supported by a resilient labour market and low interest rate environment.”

Share on LinkedInShare on TwittereCard
Add New Comment
LoginRegister

LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

Facebook and Citizens Advice launch anti-fraud initiatives

Facebook and Citizens Advice launch anti-fraud initiatives

HSBC extends redress scheme for customers affected by historical debt collection practices

HSBC extends redress scheme for customers affected by historical debt collection practices

Entry deadline fast approaching for Collections & Customer Service Awards 2019

Entry deadline fast approaching for Collections & Customer Service Awards 2019

Upcoming events

Credit Strategy
LinkedIn page

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace.
@ Copyright Shard Media Group