UK used car finance market exceeds new car sector in April

Used car finance continued to drive the UK vehicle finance market in April, according to new figures released by the Finance & Leasing Association. While new business in the point of sale (POS) consumer new car finance market fell 2% by value and 7% by volume in April, compared to the same month in 2018, demand in the used car market grew 4% by value and 1% by volume over the same period. The value of advances for new cars was £1,603 million, compared to £1,632 million in the used car market.

UK used car finance market exceeds new car sector in April

Jun 07, 2019

Used car finance continued to drive the UK vehicle finance market in April, according to new figures released by the Finance & Leasing Association. While new business in the point of sale (POS) consumer new car finance market fell 2% by value and 7% by volume in April, compared to the same month in 2018, demand in the used car market grew 4% by value and 1% by volume over the same period. The value of advances for new cars was £1,603 million, compared to £1,632 million in the used car market.

Bynx Pricing Reviews

Bynx - Asset Finance Pricing Review - Canada: rocky road ahead?

Jun 13, 2019

      AVAILABLE NOW, FREE OF CHARGE Paul Bennett, director of international business development at Autofutura outlines the ways in which consumers and their ready acceptance of technology, are driving change in the auto finance market. While this is proving highly disruptive to the normal financing process, the change offers opportunities for lenders to get closer to consumers, and to pioneer new ways to streamline the finance lifecycle. Our lead article offers an overview of Canada. Tax regulations mean that the company car market is markedly different from other country models, while the large distances many drivers cover mean electric vehicle take up has been slow to gain traction. Grassroots populist movements are becoming increasingly vocal over issues such as climate change and our use of the Earth's resources, with inevitable questions raised over the use of cars. Tougher emission regulations and a drop in consumer confidence are having a noticeable impact on new vehicle sales. The latest stats from Experteye’s European Leasing Index Report.   CONTRIBUTIONS FROM   Paul Bennett, director of international business development, Autofutura; Peter Birks, president, Auto Financial Group (AFG) Canada; Bill Dost, group chief executive, DND Finance; Dennis DesRosiers, Owner, DesRosiers;

 

Technology Reports

Whitepaper reveals route to delivering a circular economy in asset finance

Jun 24, 2019

The circular economy promises to be a global force for good that also creates a new international market worth trillions of dollars. There is growing momentum for change, amid warnings from the Intergovernmental Panel on Climate Change that the world must act immediately to avoid an environmental crisis. For businesses, this means significant change in the coming years, as many countries move towards a zero-carbon economy, where there is less reliance on fossil fuels and a greater focus on sustainable ways of doing business. A new whitepaper from leading IT services and software company Tieto provides a vision of the future as companies move away from the historic business model of ‘take-make-waste’ to a new circular economy, where the life of assets is extended through greater utilisation, reuse and recycling.