FLA reveals 23% drop in UK asset finance new business in 2020, as US equipment finance down 6%

Total asset finance new business fell by some 23% in 2020 compared to the year before, according to the latest figures released by the Finance & Leasing Association (FLA). In December 2020, the best month for new business since March, total asset finance new business fell by 6% compared with the same month in 2019. Looking at December specifically, the commercial vehicle finance sector was the only one to see growth. It increased to £711 million in December, a growth of 2% compared to the same month in 2019. At the other end of the scale, business equipment finance fell by 24% to £175 million in the month.

FLA reveals 23% drop in UK asset finance new business in 2020, as US equipment finance down 6%

Feb 12, 2021

Total asset finance new business fell by some 23% in 2020 compared to the year before, according to the latest figures released by the Finance & Leasing Association (FLA). In December 2020, the best month for new business since March, total asset finance new business fell by 6% compared with the same month in 2019. Looking at December specifically, the commercial vehicle finance sector was the only one to see growth. It increased to £711 million in December, a growth of 2% compared to the same month in 2019. At the other end of the scale, business equipment finance fell by 24% to £175 million in the month.

Market Data

White Clarke Group - Switzerland Leasing Market Update 2020

Nov 30, 2020

Global finance technology company White Clarke Group has released a new country survey for the Swiss leasing market. Produced in association with the World Leasing Yearbook, the annual survey provides an assessment of the national leasing markets of Switzerland, focusing on the period up to mid-2019. Comprised of in-depth research conducted on behalf of Schweizerischer Leasingverband SLV/Association Suisse des Sociétés de Leasing ASSL, the survey offers a wealth of Switzerland’s leasing industry insights.

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

This product is free because it is sponsored. By requesting this paper you are agreeing to share your details with the sponsor who may contact you about their products and services. If you don’t want your details shared please tick 'no'.