Asset finance new business grew by 9% in September 2022

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 2022 by 9% compared with the same month in 2021. In the first nine months of 2022, new business was 3% higher than in the same period in 2021.

Asset finance new business grew by 9% in September 2022

Nov 10, 2022

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 2022 by 9% compared with the same month in 2021. In the first nine months of 2022, new business was 3% higher than in the same period in 2021.

Consumer car finance new business volumes fell by 5% in September 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in September 2022 by 5% compared with the same month in 2021. The corresponding value of new business in September was at a similar level to the same month in 2021. In the first nine months of 2022, new business volumes were 4% higher than in the same period in 2021.

Consumer car finance new business volumes fell by 5% in September 2022

Nov 10, 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in September 2022 by 5% compared with the same month in 2021. The corresponding value of new business in September was at a similar level to the same month in 2021. In the first nine months of 2022, new business volumes were 4% higher than in the same period in 2021.

Asset finance new business grew by 10% in the UK in August 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in August 2022 by 10% compared with the same month in 2021. In the first eight months of 2022, new business was 3% higher than in the same period in 2021.

Asset finance new business grew by 10% in the UK in August 2022

Oct 11, 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in August 2022 by 10% compared with the same month in 2021. In the first eight months of 2022, new business was 3% higher than in the same period in 2021.

Consumer car finance new business volumes grew by 5% in August 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in August 2022 by 5% compared with the same month in 2021. The corresponding value of new business increased by 13% over the same period. In the first eight months of 2022, new business volumes remained 5% higher than in the same period in 2021.

Consumer car finance new business volumes grew by 5% in August 2022

Oct 11, 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in August 2022 by 5% compared with the same month in 2021. The corresponding value of new business increased by 13% over the same period. In the first eight months of 2022, new business volumes remained 5% higher than in the same period in 2021.

Consumer car finance new business volumes fell by 3% in July 2022

New figures released on September 8th by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in July 2022 by 3% compared with the same month in 2021. However, the corresponding value of new business increased by 5% over the same period. In the first seven months of 2022, new business volumes were also 5% higher than in the same period in 2021.

Consumer car finance new business volumes fell by 3% in July 2022

Sep 12, 2022

New figures released on September 8th by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in July 2022 by 3% compared with the same month in 2021. However, the corresponding value of new business increased by 5% over the same period. In the first seven months of 2022, new business volumes were also 5% higher than in the same period in 2021.

Asset finance new business grew by 2% in July 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in July 2022 by 2% compared with the same month in 2021. In the first seven months of 2022, new business remained 2% higher than in the same period in 2021.

Asset finance new business grew by 2% in July 2022

Sep 08, 2022

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in July 2022 by 2% compared with the same month in 2021. In the first seven months of 2022, new business remained 2% higher than in the same period in 2021.

Asset finance new business grew by 2% in June 2022

New figures released in August by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in June 2022 by 2% compared with the same month in 2021. In the first half of 2022, new business was also 2% higher than in the same period in 2021.

Asset finance new business grew by 2% in June 2022

Aug 16, 2022

New figures released in August by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in June 2022 by 2% compared with the same month in 2021. In the first half of 2022, new business was also 2% higher than in the same period in 2021.

Vans driving leasing sector recovery

The BVRLA leasing fleet grew 5.1% in 2021 to pass pre-pandemic levels with vans continuing to drive the recovery of the sector, adding around 80,000 vehicles to reach nearly half a million. The association said year-on-year growth of 18.8% highlights the essential role that vans play in keeping the UK’s supply chains healthy.

Vans driving leasing sector recovery

Apr 21, 2022

The BVRLA leasing fleet grew 5.1% in 2021 to pass pre-pandemic levels with vans continuing to drive the recovery of the sector, adding around 80,000 vehicles to reach nearly half a million. The association said year-on-year growth of 18.8% highlights the essential role that vans play in keeping the UK’s supply chains healthy.

Risk of a ‘hard landing’ ahead for economy

Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from Covid-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to slow markedly from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023 as pent-up demand dissipates and as fiscal and monetary support is unwound across the world.

Risk of a ‘hard landing’ ahead for economy

Jan 13, 2022

Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from Covid-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to slow markedly from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023 as pent-up demand dissipates and as fiscal and monetary support is unwound across the world.

EV sales leap as Covid stalls 2021 UK new car market

Covid and the semiconductor shortage left their mark on the UK’s new car market, which ended last year 28.7% down on pre-pandemic 2019, representing the second worst year since 1992. However, 2021 was the most successful year in history for electric vehicle uptake as more new battery electric vehicles (BEVs) were registered than over the previous five years combined, according to data from the Society of Motor Manufacturers and Traders (SMMT). Overall, new car registrations grew by a marginal 1% on a pandemic-ravaged 2020, as 1.65 million new cars entered the UK market.

EV sales leap as Covid stalls 2021 UK new car market

Jan 07, 2022

Covid and the semiconductor shortage left their mark on the UK’s new car market, which ended last year 28.7% down on pre-pandemic 2019, representing the second worst year since 1992. However, 2021 was the most successful year in history for electric vehicle uptake as more new battery electric vehicles (BEVs) were registered than over the previous five years combined, according to data from the Society of Motor Manufacturers and Traders (SMMT). Overall, new car registrations grew by a marginal 1% on a pandemic-ravaged 2020, as 1.65 million new cars entered the UK market.

Record used car sales, powered by fuel anxiety-induced EV popularity

Used car prices hit another all-time high in September, posting a 21.4% like-for-like increase, according to Auto Trader. Its analysis shows last month’s hike beats August’s 17.2% month-on-month increase, which itself was the largest single month of price growth on record. Based daily pricing analysis of some 900,000 vehicles, Auto Trader is now predicting a total of circa 7.75 million used car sales in 2021.

Record used car sales, powered by fuel anxiety-induced EV popularity

Oct 07, 2021

Used car prices hit another all-time high in September, posting a 21.4% like-for-like increase, according to Auto Trader. Its analysis shows last month’s hike beats August’s 17.2% month-on-month increase, which itself was the largest single month of price growth on record. Based daily pricing analysis of some 900,000 vehicles, Auto Trader is now predicting a total of circa 7.75 million used car sales in 2021.