FLA members provided £151 billion of new business in 2023

New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided a record £151 billion of new business in 2023, 1% higher than in 2022.

FLA members provided £151 billion of new business in 2023

Feb 20, 2024

New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided a record £151 billion of new business in 2023, 1% higher than in 2022.

Consumer car finance new business volumes fell by 8% in December 2023

The Finance & Leasing Association (FLA) has today reported new figures showing that consumer car finance new business volumes fell in December 2023 by 8% compared with the same month in 2022. The corresponding value of new business was also 8% lower over the same period. In 2023 as a whole, new business by value and volume decreased by 5% and 6% respectively, compared with 2022.

Consumer car finance new business volumes fell by 8% in December 2023

Feb 13, 2024

The Finance & Leasing Association (FLA) has today reported new figures showing that consumer car finance new business volumes fell in December 2023 by 8% compared with the same month in 2022. The corresponding value of new business was also 8% lower over the same period. In 2023 as a whole, new business by value and volume decreased by 5% and 6% respectively, compared with 2022.

Asset finance new business fell by 1% in December 2023

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell in December 2023 by 1% compared with the same month in 2022. However, in 2023, as a whole, new business was 12% higher than in the same period in 2022, reaching a record £38 billion.

Asset finance new business fell by 1% in December 2023

Feb 13, 2024

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell in December 2023 by 1% compared with the same month in 2022. However, in 2023, as a whole, new business was 12% higher than in the same period in 2022, reaching a record £38 billion.

Consumer car finance new business volumes fell by 7% in November 2023

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in November 2023 by 7% compared with the same month in 2022. The corresponding value of new business was 5% lower over the same period. In the eleven months to November 2023, new business volumes were 6% lower than in the same period in 2022.

Consumer car finance new business volumes fell by 7% in November 2023

Jan 16, 2024

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in November 2023 by 7% compared with the same month in 2022. The corresponding value of new business was 5% lower over the same period. In the eleven months to November 2023, new business volumes were 6% lower than in the same period in 2022.

Asset finance new business grew by 12% in November 2023

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in November 2023 by 12% compared with the same month in 2022. In the eleven months to November 2023, new business was 13% higher than in the same period in 2022.

Asset finance new business grew by 12% in November 2023

Jan 16, 2024

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in November 2023 by 12% compared with the same month in 2022. In the eleven months to November 2023, new business was 13% higher than in the same period in 2022.

Consumer car finance new business volumes fell by 3% in October 2023

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell by 3% in October 2023 compared with the same month in 2022. The corresponding value of new business was 2% lower over the same period. In the ten months to October 2023, new business volumes remained 6% lower than in the same period in 2022.

Consumer car finance new business volumes fell by 3% in October 2023

Dec 07, 2023

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell by 3% in October 2023 compared with the same month in 2022. The corresponding value of new business was 2% lower over the same period. In the ten months to October 2023, new business volumes remained 6% lower than in the same period in 2022.

Asset finance new business grew by 11% in October 2023

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in October 2023 by 11% compared with the same month in 2022. In the ten months to October 2023, new business was 14% higher than in the same period in 2022.

Asset finance new business grew by 11% in October 2023

Dec 07, 2023

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in October 2023 by 11% compared with the same month in 2022. In the ten months to October 2023, new business was 14% higher than in the same period in 2022.

Consumer car finance new business volumes fell by 3% in September 2023

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell by 3% in September 2023 compared with the same month in 2022. The corresponding value of new business held steady over the same period. In the nine months to September 2023, new business volumes were 6% lower than in the same period in 2022.

Consumer car finance new business volumes fell by 3% in September 2023

Nov 14, 2023

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell by 3% in September 2023 compared with the same month in 2022. The corresponding value of new business held steady over the same period. In the nine months to September 2023, new business volumes were 6% lower than in the same period in 2022.

Asset finance new business grew by 6% in September 2023

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in September 2023 by 6% compared with the same month in 2022. In the nine months to September 2023, new business was 14% higher than in the same period in 2022.

Asset finance new business grew by 6% in September 2023

Nov 14, 2023

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in September 2023 by 6% compared with the same month in 2022. In the nine months to September 2023, new business was 14% higher than in the same period in 2022.

Interest rate rises have slowed economic activity significantly

The Bank of England’s Money Policy Committee (MPC) is widely expected to leave its base rate at 5.25% in the forthcoming review, with increasing signs that rate rises designed to address inflation are starting to bite. A series of key indicators have combined over recent weeks to indicate falling economic activity by consumers. According to the most recent metrics, house values, consumer credit borrowing, and consumer confidence have all declined.

Interest rate rises have slowed economic activity significantly

Nov 01, 2023

The Bank of England’s Money Policy Committee (MPC) is widely expected to leave its base rate at 5.25% in the forthcoming review, with increasing signs that rate rises designed to address inflation are starting to bite. A series of key indicators have combined over recent weeks to indicate falling economic activity by consumers. According to the most recent metrics, house values, consumer credit borrowing, and consumer confidence have all declined.

UK economy grew by 0.2% in August, official GDP figures show

Gross domestic product (GDP) increased by 0.2% in August, according to data from the Office for National Statistics (ONS) The services sector was the main contributor to the growth rising by 0.4% in August, but this was partially offset by falls in the construction and manufacturing sectors. The ONS also revised GDP in July, which was already a worse-than-expected fall of 0.5%, down further to 0.6%.

UK economy grew by 0.2% in August, official GDP figures show

Oct 12, 2023

Gross domestic product (GDP) increased by 0.2% in August, according to data from the Office for National Statistics (ONS) The services sector was the main contributor to the growth rising by 0.4% in August, but this was partially offset by falls in the construction and manufacturing sectors. The ONS also revised GDP in July, which was already a worse-than-expected fall of 0.5%, down further to 0.6%.