Latest FLA figures reveal 11% plummet in total asset finance in September

The latest figures from the Finance & Leasing Association (FLA) show that total asset finance new business by FLA members fell to £2.662 billion in September this year, an 11% drop compared with the same month in 2019. Furthermore, in the 12 months leading up to September new business was 21% lower than in the same period the year before.

Latest FLA figures reveal 11% plummet in total asset finance in September

Nov 05, 2020

The latest figures from the Finance & Leasing Association (FLA) show that total asset finance new business by FLA members fell to £2.662 billion in September this year, an 11% drop compared with the same month in 2019. Furthermore, in the 12 months leading up to September new business was 21% lower than in the same period the year before.

Market Data

Alfa - LIBOR reform: The impact for Auto & Equipment Finance Providers

Jun 17, 2020

Asset finance software and services provider Alfa has published a new whitepaper that provides in-depth guidance on LIBOR reform. LIBOR rates are used by auto and equipment finance businesses globally as a benchmark to determine customer interest rates. However, LIBOR, EURIBOR and other such rates carry inherent shortcomings that have led to their planned replacement by alternative risk-free rates such as SONIA and SOFR. In the whitepaper, called LIBOR Reform: The Impact for Auto and Equipment Finance Providers, Alfa analyses the changes, why they are happening and what impact they will have on asset finance providers.Issues covered include how asset finance company systems must be enhanced to accommodate the changes.

Bynx Pricing Reviews

Bynx - Asset Finance Pricing Review - Russia's auto revolution

Dec 12, 2019

      AVAILABLE NOW, FREE OF CHARGE Tom Seymour takes a look at how leasing and the fleet market are developing in Russia. While new cars sales have stalled, leasing is gaining popularity.  Russian drivers are showing a strong interest in car sharing services, although support for other new initiatives, such as electric vehicles, is very low. It is hard to predict how the Russian auto market will develop. As commentator Ralph Morton points out in his opinion piece, the runaway growth in personal leasing is starting to have an impact on fleet leasing. Insights into the so-called “death of diesel” on car sales and residual values. Dean Bowkett takes a look at how new powertrains are taking hold across Europe, and the factors influencing the rise of electric vehicles. The latest stats from Experteye’s European Leasing Index Report.   CONTRIBUTIONS FROM   Sovetkina Zoya, leasing lead, Expert RA Dmitriy Strashkov, head of corporate finance, VWFS Rus Alexander Mikhaylov, chief executive, Europlan Ralph Morton, Editorial Director, Morton Media

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Technology Reports

White Clarke Group - CALMS Customer Direct: how and where to buy finance

Nov 10, 2020

White Clarke Group have announced details of their new customer self-service tool which enables users to book their own finance in an end-to-end optimised online process that reduces friction and enables customers to purchase finance when and where they wish. This new solution, which can be quickly and easily bolted into most auto finance technology platforms, comes at a time when the pandemic has added fuel to the long-term trend towards completing more, but not necessarily all of the auto customer’s purchase journey online.