Consumer car finance market falls by 4% in UK during October

New business volumes in the consumer car finance market fell by 4% in October compared with the same month in 2018, according to figures released by the Finance & Leasing Association (FLA). The new car finance market reported new business volumes 9% lower in October than in the same month in the previous year, although the percentage of private new car sales financed by FLA members reached a record 91.3%. The consumer used car finance market reported a fall in new business volumes of 2% in October compared with the same month in 2018.

Consumer car finance market falls by 4% in UK during October

Dec 18, 2019

New business volumes in the consumer car finance market fell by 4% in October compared with the same month in 2018, according to figures released by the Finance & Leasing Association (FLA). The new car finance market reported new business volumes 9% lower in October than in the same month in the previous year, although the percentage of private new car sales financed by FLA members reached a record 91.3%. The consumer used car finance market reported a fall in new business volumes of 2% in October compared with the same month in 2018.

Market Data

Europe Auto & Equipment Finance Report 2017

Nov 02, 2017

     AVAILABLE NOW, FREE OF CHARGE New leasing business in Europe reached €333.7 billion during 2016, a year-on-year increase of 10.3% The UK, Germany, France and Italy accounted for around 60% of new business in 2016 New leasing volumes for passenger cars rose by 12.6% in 2016 compared to 2015 and year-on-year growth for commercial vehicles reached 13.1% Machinery and industrial equipment expanded 10.3%, real estate leasing grew 1.8%, while computers and business machines fell 7.4% in 2016 The General Data Protection Regulation is one of the major legislative changes that companies need to prepare for in 2018, particularly in terms of audit trails and cyber-security FULL SUMMARY OF FINDINGS - SEE PAGE 7 OF THE SURVEY   INCLUDES LEADERS' INSIGHTS    Michiel Alferink, vice president international sales, Athlon John Bennett, leasing consultant, former chairman Leaseurope Piero Biagi, CEO, BCC Lease Dominique Bonte, managing director and vice-president, ABI Research Jurgita Bucyte, senior adviser in statistics and economic affairs, Leaseurope Twan van den Elsen, manager product and sales channel development, Alphabet International Daniel Ferrie, press officer for Brexit negotiations, European Commission Jane Finlayson-Brown, partner, Allen & Overy Inga Goddijn, executive vice-president, Risk Based Security Paul Gogolinski, partner, Total Fleet Solutions Morten Guldhaug, executive vice-president, DnB Finans Jonathan Hampson, general manager, Zipcar UK Robert Hannah, chief operating officer, Grant Thornton UK Sampo Hietanen, founder and CEO, MaaS Global Christer Holloman, co-founder and CEO, Divido Peter Hunt, founder, Growcap Riki Inuzuka, CEO, Toyota Financial Services Ian Isaac, managing director, Lombard Richard Jones, managing director, Black Horse Gerry Keaney, chief executive, BVRLA Lakshmi Moorthy, SME solutions director, Arval Abishek Narayanan, mobility research analyst, Frost & Sullivan Helge J. Pedersen, chief economist, Nordea Group Richard Ryan, partner, Invigors Julian Scriven, managing director, nextbike UK Henk Uunk, industry consultant Sarah-Jayne Williams, director, smart mobility Europe, Ford Ashley Winton, technology and cyber law attorney, McDermott Will & Emery Anne Valette, head of communications, Leaseurope  

   

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

 

Technology Reports

Companies in the finance industry invited to support major research project into servitization

Jan 15, 2020

A major new research project will take a detailed look at how the sale of services linked to asset-backed financing can offer a compelling opportunity for auto and equipment finance companies so they can develop new income streams and profit growth. The servitization research project, developed by the International Asset Finance Network, in partnership with GrowCap, will look at how technology can increase customer satisfaction and encourage retention, while also building a competitive advantage over other more traditional finance organizations. It is looking for finance company partners to support the project. Participants will be able to use the results to develop their future business strategy.