UK leasing market shrinks as uncertainty takes toll

The UK car leasing market shrank in the first quarter of 2018, according to the British Vehicle Rental and Leasing Association. The total size of the leasing sector for cars and vans was 1.329 million at the end of Q1 2018, a fall of 16,000 compared to the same period last year. The fleet leasing market for cars (contract hire and finance lease only) shrank 4% year-on-year, to end the quarter at 948,000. Total car leasing, covering all leasing types, fell by 1% year-on-year compared to growth of 2% in Q4 2017 and a rise of 11% for the same period in 2017.

UK leasing market shrinks as uncertainty takes toll

Jun 22, 2018

The UK car leasing market shrank in the first quarter of 2018, according to the British Vehicle Rental and Leasing Association. The total size of the leasing sector for cars and vans was 1.329 million at the end of Q1 2018, a fall of 16,000 compared to the same period last year. The fleet leasing market for cars (contract hire and finance lease only) shrank 4% year-on-year, to end the quarter at 948,000. Total car leasing, covering all leasing types, fell by 1% year-on-year compared to growth of 2% in Q4 2017 and a rise of 11% for the same period in 2017.

Spanish leasing market drops in Q1 2018

Spain saw a fall in its leasing market in the first quarter of 2018, although new business demand was still the second highest this decade. According to the Spanish Leasing and Rental Association (AER), new business volumes fell from nearly €2 billion in the first quarter of 2017 to just under €1.7 billion for the same period in 2018.

Spanish leasing market drops in Q1 2018

Jun 21, 2018

Spain saw a fall in its leasing market in the first quarter of 2018, although new business demand was still the second highest this decade. According to the Spanish Leasing and Rental Association (AER), new business volumes fell from nearly €2 billion in the first quarter of 2017 to just under €1.7 billion for the same period in 2018.

UK invoice and asset-based lending rises 4% in Q1 2018

New figures from industry trade association UK Finance have revealed that invoice and asset-based lending grew 4% in Q1 2018 compared to the same period last year. Asset-based lending was up 10.7% to £4.3 billion, while invoice finance rose 2.4% to £17.4 billion. Stephen Pegge, managing director commercial at UK Finance, said: “Invoice finance and asset-based lending by UK Finance members showed solid growth in the first quarter and stood at almost £22 billion, up 4% on 2017. “Members are reporting particularly strong growth in asset-based lending facilities, showing that as well as funding against invoices, client businesses are increasingly accessing wider finance facilities secured against stock.”

UK invoice and asset-based lending rises 4% in Q1 2018

Jun 12, 2018

New figures from industry trade association UK Finance have revealed that invoice and asset-based lending grew 4% in Q1 2018 compared to the same period last year. Asset-based lending was up 10.7% to £4.3 billion, while invoice finance rose 2.4% to £17.4 billion. Stephen Pegge, managing director commercial at UK Finance, said: “Invoice finance and asset-based lending by UK Finance members showed solid growth in the first quarter and stood at almost £22 billion, up 4% on 2017. “Members are reporting particularly strong growth in asset-based lending facilities, showing that as well as funding against invoices, client businesses are increasingly accessing wider finance facilities secured against stock.”

Equipment finance up 9.3% in France during Q1 2018

Data from the French Finance Association (ASF) has revealed equipment asset finance new business grew by 9.3% to €6.9 billion in the first quarter of 2018. The rise continues the trend for growth after an 8.8% increase in Q4 last year and a rise of 7.4% in Q3 2017. The increase in business demand for funding marks a key milestone for the equipment finance market, as total lending volume reached €28.3 billion at the end of March 2018, 11.6% higher than the total market before the financial crisis in 2008.

Equipment finance up 9.3% in France during Q1 2018

Jun 08, 2018

Data from the French Finance Association (ASF) has revealed equipment asset finance new business grew by 9.3% to €6.9 billion in the first quarter of 2018. The rise continues the trend for growth after an 8.8% increase in Q4 last year and a rise of 7.4% in Q3 2017. The increase in business demand for funding marks a key milestone for the equipment finance market, as total lending volume reached €28.3 billion at the end of March 2018, 11.6% higher than the total market before the financial crisis in 2008.

UK consumer car finance market powers to new April high

The UK new car finance market powered to a new monthly high for April, latest figures from the Finance & Leasing Association (FLA) show. New business in the point of sale (POS) consumer new car finance market grew 31% by value and 27% by volume in April, compared with the same month last year, when market growth dipped substantially. The percentage of private new car sales financed by FLA members through the POS was 89.7% in the 12 months to April 2018.

UK consumer car finance market powers to new April high

Jun 08, 2018

The UK new car finance market powered to a new monthly high for April, latest figures from the Finance & Leasing Association (FLA) show. New business in the point of sale (POS) consumer new car finance market grew 31% by value and 27% by volume in April, compared with the same month last year, when market growth dipped substantially. The percentage of private new car sales financed by FLA members through the POS was 89.7% in the 12 months to April 2018.