Strong growth for UK car finance in June

The value of advances for point-of-sale car finance grew 10% year-on-year in June compared to the same month in 2017, according to new figures released by the Finance & Leasing Association (FLA). While sales of new cars to consumers grew by 1% in June, compared to the same month in 2017, the value of new business was up by 9%. The percentage of private new car sales financed by FLA members through the POS was 89.5% in the 12 months to June. In the POS consumer used car finance market, new business was up 4% by volume and 11% by value, compared to the same month in 2017.

Strong growth for UK car finance in June

Aug 15, 2018

The value of advances for point-of-sale car finance grew 10% year-on-year in June compared to the same month in 2017, according to new figures released by the Finance & Leasing Association (FLA). While sales of new cars to consumers grew by 1% in June, compared to the same month in 2017, the value of new business was up by 9%. The percentage of private new car sales financed by FLA members through the POS was 89.5% in the 12 months to June. In the POS consumer used car finance market, new business was up 4% by volume and 11% by value, compared to the same month in 2017.

Fall in asset finance new business in June

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell in June by 3% compared with the same month in 2017. There were falls in plant and machinery, business equipment and car finance, while IT, commercial vehicle, aircraft, ships and rolling stock showed year-on-year growth.

Fall in asset finance new business in June

Aug 15, 2018

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell in June by 3% compared with the same month in 2017. There were falls in plant and machinery, business equipment and car finance, while IT, commercial vehicle, aircraft, ships and rolling stock showed year-on-year growth.

Societe Generale Equipment Finance leads Leaseurope ranking of top leasing companies

Leasing industry association Leaseurope has revealed its annual ranking of the largest European leasing companies and named Societe Generale Equipment Finance as the largest company. The ranking provides a yearly update on new leasing volumes and portfolios of the largest leasing firms in Europe. Companies are ranked according to the value of their new contracts in 2017. Societe General Equipment Finance, including ALD Automotive, reported nearly 600,000 new contracts and more than €19 billion of new business.

Societe Generale Equipment Finance leads Leaseurope ranking of top leasing companies

Jul 16, 2018

Leasing industry association Leaseurope has revealed its annual ranking of the largest European leasing companies and named Societe Generale Equipment Finance as the largest company. The ranking provides a yearly update on new leasing volumes and portfolios of the largest leasing firms in Europe. Companies are ranked according to the value of their new contracts in 2017. Societe General Equipment Finance, including ALD Automotive, reported nearly 600,000 new contracts and more than €19 billion of new business.

Spanish vehicle leasing market grows 10% in first half of 2018

The Spanish Vehicle Leasing Association (Asociación Española de Renting de Vehículos) has revealed its member fleet grew 10% in the first half of 2018, compared to the same period last year. Members added more than 155,000 vehicles, taking the total fleet to nearly 860,000 units. During June, members registered 31,604 cars and vans, a rise of nearly 16% compared to the same period last year.

Spanish vehicle leasing market grows 10% in first half of 2018

Jul 09, 2018

The Spanish Vehicle Leasing Association (Asociación Española de Renting de Vehículos) has revealed its member fleet grew 10% in the first half of 2018, compared to the same period last year. Members added more than 155,000 vehicles, taking the total fleet to nearly 860,000 units. During June, members registered 31,604 cars and vans, a rise of nearly 16% compared to the same period last year.

Average UK POS car finance breaks £20,000 barrier for first time as demand rises

New business in the point of sale (POS) consumer new car finance market grew 15% by value and 10% by volume in May, compared with the same month in 2017. The rise has pushed the average value of car finance to more than £20,000 for the first time, based on dividing the total amount financed by the number of cars funded. The percentage of private new car sales financed by FLA members through the POS was 89.3% in the 12 months to May 2018, unchanged compared with the same period to April 2018.

Average UK POS car finance breaks £20,000 barrier for first time as demand rises

Jul 06, 2018

New business in the point of sale (POS) consumer new car finance market grew 15% by value and 10% by volume in May, compared with the same month in 2017. The rise has pushed the average value of car finance to more than £20,000 for the first time, based on dividing the total amount financed by the number of cars funded. The percentage of private new car sales financed by FLA members through the POS was 89.3% in the 12 months to May 2018, unchanged compared with the same period to April 2018.