UK asset finance market grows by 11% in first quarter of 2019

Asset finance new business (primarily leasing and hire purchase) grew by 11% during Q1 2019 compared to the same period last year, according to new figures released today by the Finance & Leasing Association (FLA). New finance for manufacturing and construction equipment increased by 25% and 26% respectively, compared to Q1 2018. The growth followed a strong market in March, which grew by 11% year-on-year, with including particularly high growth in commercial vehicle finance and IT equipment finance sectors.

UK asset finance market grows by 11% in first quarter of 2019

May 10, 2019

Asset finance new business (primarily leasing and hire purchase) grew by 11% during Q1 2019 compared to the same period last year, according to new figures released today by the Finance & Leasing Association (FLA). New finance for manufacturing and construction equipment increased by 25% and 26% respectively, compared to Q1 2018. The growth followed a strong market in March, which grew by 11% year-on-year, with including particularly high growth in commercial vehicle finance and IT equipment finance sectors.

Strong first quarter for Mexican HGV sales

The Mexican heavy goods vehicle (HGV) market has reported a strong first quarter, with sales up 8.7% to the end of March, according to the Asociación Mexicana de Distribuidores de Automotores (AMDA). Total sales were 9,740 units to the end of March, with demand for tractors, cargo and passenger units was up 12.2%, 8.3% and 0.4% respectively.

Strong first quarter for Mexican HGV sales

May 01, 2019

The Mexican heavy goods vehicle (HGV) market has reported a strong first quarter, with sales up 8.7% to the end of March, according to the Asociación Mexicana de Distribuidores de Automotores (AMDA). Total sales were 9,740 units to the end of March, with demand for tractors, cargo and passenger units was up 12.2%, 8.3% and 0.4% respectively.

UK asset finance market grows by 15% in February

Asset finance new business (primarily leasing and hire purchase) grew by 15% in February compared to the same month last year, according to new figures from the Finance & Leasing Association (FLA). The commercial vehicle finance and IT equipment finance sectors reported new business growth in February of 36% and 10% respectively, compared with the same month in 2018, while business equipment finance grew by 8% over the same period.

UK asset finance market grows by 15% in February

Apr 05, 2019

Asset finance new business (primarily leasing and hire purchase) grew by 15% in February compared to the same month last year, according to new figures from the Finance & Leasing Association (FLA). The commercial vehicle finance and IT equipment finance sectors reported new business growth in February of 36% and 10% respectively, compared with the same month in 2018, while business equipment finance grew by 8% over the same period.

UK asset finance market up by 9% in January

Asset finance new business (primarily leasing and hire purchase) grew by 9% in January, compared with the same month last year, according to new figures from the Finance and Leasing Association. The strongest new business growth came from the plant and machinery finance and IT equipment finance sectors, which rose 26% and 45% respectively, compared to the same month in 2018. Over the same period, commercial vehicle finance increased by 21%.

UK asset finance market up by 9% in January

Mar 08, 2019

Asset finance new business (primarily leasing and hire purchase) grew by 9% in January, compared with the same month last year, according to new figures from the Finance and Leasing Association. The strongest new business growth came from the plant and machinery finance and IT equipment finance sectors, which rose 26% and 45% respectively, compared to the same month in 2018. Over the same period, commercial vehicle finance increased by 21%.

[DOWNLOAD] Global Leasing Report 2019 launched

The annual White Clarke Group – Global Leasing Report, which is produced in association with the World Leasing Yearbook, is the definitive guide to the world’s top 50 leasing markets. Marking its 40th anniversary this year, the report is the leading analysis of country trading environments and trends in auto and equipment finance. The top 50 countries in 2017 reported growth in new business volume of 16.6%, rising from US$1,099.77bn in 2016 to a remarkable US$1,282.73bn in 2017. Three regions, North America, Europe and Asia, account for more than 95% of world volume. New business volume exceeded the previous year’s global total by US$182.96bn. North America (US, Canada and Mexico) remains the largest regional leasing market with new business volume of US$445.9bn, representing 34.8% of the total global market share. The US is also the largest national leasing market, with annual volume of US$410.3bn, a rise of 6.9% year-on-year.

[DOWNLOAD] Global Leasing Report 2019 launched

Mar 05, 2019

The annual White Clarke Group – Global Leasing Report, which is produced in association with the World Leasing Yearbook, is the definitive guide to the world’s top 50 leasing markets. Marking its 40th anniversary this year, the report is the leading analysis of country trading environments and trends in auto and equipment finance. The top 50 countries in 2017 reported growth in new business volume of 16.6%, rising from US$1,099.77bn in 2016 to a remarkable US$1,282.73bn in 2017. Three regions, North America, Europe and Asia, account for more than 95% of world volume. New business volume exceeded the previous year’s global total by US$182.96bn. North America (US, Canada and Mexico) remains the largest regional leasing market with new business volume of US$445.9bn, representing 34.8% of the total global market share. The US is also the largest national leasing market, with annual volume of US$410.3bn, a rise of 6.9% year-on-year.

UK used car market drops in 2018 but demand for alternatively-fuelled vehicles leaps 27%

Britain’s used car market dropped slightly last year, although sales were still the third highest on record. In total, there were nearly 8 million used car transactions last year, a fall of just over 2.1%, according to new figures from the Society of Motor Manufacturers and Traders.

UK used car market drops in 2018 but demand for alternatively-fuelled vehicles leaps 27%

Feb 18, 2019

Britain’s used car market dropped slightly last year, although sales were still the third highest on record. In total, there were nearly 8 million used car transactions last year, a fall of just over 2.1%, according to new figures from the Society of Motor Manufacturers and Traders.

UK consumer auto finance market finds growth despite declining car sales in 2018

New business in the UK point of sale (POS) consumer new car finance market grew 3% last year, despite customers funding fewer vehicles. According to the Finance and Leasing Association, the number of new cars financed by its members fell 3% to 960,000, reflecting a fall in the overall UK new car market, but the amount advanced rose to more than £19.3 billion. The percentage of private new car sales financed by FLA members through the POS was 91.2% in the 12 months to December last year.

UK consumer auto finance market finds growth despite declining car sales in 2018

Feb 08, 2019

New business in the UK point of sale (POS) consumer new car finance market grew 3% last year, despite customers funding fewer vehicles. According to the Finance and Leasing Association, the number of new cars financed by its members fell 3% to 960,000, reflecting a fall in the overall UK new car market, but the amount advanced rose to more than £19.3 billion. The percentage of private new car sales financed by FLA members through the POS was 91.2% in the 12 months to December last year.

UK asset finance market reaches record level in 2018

The UK asset finance market reached a record level during 2018 with new business totalling almost £33 billion. The rise of 3% compared to 2017 represents the eighth consecutive year of growth for the industry, according to the Finance and Leasing Association, and comes despite the disruption of ongoing Brexit negotiations.

UK asset finance market reaches record level in 2018

Feb 08, 2019

The UK asset finance market reached a record level during 2018 with new business totalling almost £33 billion. The rise of 3% compared to 2017 represents the eighth consecutive year of growth for the industry, according to the Finance and Leasing Association, and comes despite the disruption of ongoing Brexit negotiations.

Colombian new vehicle sales up 7.6%

New vehicle sales increased by 7.6% in Colombia in 2018 to a total of 256,052 units. The rise exceeded previous forecasts of 250,000 from local trade bodies Fenalco and ANDI. December was particularly strong – up 30.2% to 33,043 vehicles – and the best month since August, while 66.2% of sales took place in the country’s five largest cities: Bogotá, Medellín, Cali, Barranquilla and Bucaramanga.

Colombian new vehicle sales up 7.6%

Feb 04, 2019

New vehicle sales increased by 7.6% in Colombia in 2018 to a total of 256,052 units. The rise exceeded previous forecasts of 250,000 from local trade bodies Fenalco and ANDI. December was particularly strong – up 30.2% to 33,043 vehicles – and the best month since August, while 66.2% of sales took place in the country’s five largest cities: Bogotá, Medellín, Cali, Barranquilla and Bucaramanga.

BVRLA member fleet breaks 5 million vehicle barrier as personal leasing demand grows

The combined fleet of British Vehicle Rental and Leasing Association members has risen to more than five million vehicles for the first time. During 2018, the number of vehicles operated by its members rose by 4% compared to 2017, with growth in all categories, including rental, leasing, brokers and associates. The BVRLA now has 984 member organisations, a year-on-year increase of 6%. Members are responsible for one in eight cars on UK roads, one in five vans and one in five trucks.

BVRLA member fleet breaks 5 million vehicle barrier as personal leasing demand grows

Jan 29, 2019

The combined fleet of British Vehicle Rental and Leasing Association members has risen to more than five million vehicles for the first time. During 2018, the number of vehicles operated by its members rose by 4% compared to 2017, with growth in all categories, including rental, leasing, brokers and associates. The BVRLA now has 984 member organisations, a year-on-year increase of 6%. Members are responsible for one in eight cars on UK roads, one in five vans and one in five trucks.

European car registrations stable amid wide range of national results

Car registrations in the EU remained more or less stable during 2018 compared to the year before, as collapsing demand in some of the biggest economies was offset by growth elsewhere. Within the EU5 - France, Germany, Italy, Spain and the UK - overall sales were down nearly 100,000 units amid big declines in the UK and Italy. The German market was more or less static, while Spain achieved the strongest market growth of 7%, or 87,000 units.

European car registrations stable amid wide range of national results

Jan 17, 2019

Car registrations in the EU remained more or less stable during 2018 compared to the year before, as collapsing demand in some of the biggest economies was offset by growth elsewhere. Within the EU5 - France, Germany, Italy, Spain and the UK - overall sales were down nearly 100,000 units amid big declines in the UK and Italy. The German market was more or less static, while Spain achieved the strongest market growth of 7%, or 87,000 units.

Spanish auto leasing market grows 8% in 2018 to record high

The Spanish Vehicle Leasing Association (Asociación Española de Renting de Vehículos) has revealed that registrations among its member fleet grew 8% during 2018. Members registered 267,732 vehicles, a new record, and provided funding worth nearly €5 billion during the year, an increase of nearly 6% compared to 2017.Leasing accounts for around 17% of all vehicle sales in Spain.

Spanish auto leasing market grows 8% in 2018 to record high

Jan 14, 2019

The Spanish Vehicle Leasing Association (Asociación Española de Renting de Vehículos) has revealed that registrations among its member fleet grew 8% during 2018. Members registered 267,732 vehicles, a new record, and provided funding worth nearly €5 billion during the year, an increase of nearly 6% compared to 2017.Leasing accounts for around 17% of all vehicle sales in Spain.

Value of UK car finance market continues to grow, despite faltering sales

The average amount financed for new and used cars reached a new record in the UK during November last year, despite faltering sales. The average amount financed per new car was £20,770 (calculated by dividing the total amount financed by the number of new cars funded), while average used car finance reached £12,499.

Value of UK car finance market continues to grow, despite faltering sales

Jan 11, 2019

The average amount financed for new and used cars reached a new record in the UK during November last year, despite faltering sales. The average amount financed per new car was £20,770 (calculated by dividing the total amount financed by the number of new cars funded), while average used car finance reached £12,499.

UK asset finance market remains on track for record year

Growth in asset finance new business (primarily leasing and hire purchase) for the UK remained stable towards the end of last year as the industry prepared to make a record year. New figures released by the Finance & Leasing Association (FLA) for November show that plant and machinery finance and business equipment finance sectors grew 9% and 8% respectively compared to the same period last year.

UK asset finance market remains on track for record year

Jan 11, 2019

Growth in asset finance new business (primarily leasing and hire purchase) for the UK remained stable towards the end of last year as the industry prepared to make a record year. New figures released by the Finance & Leasing Association (FLA) for November show that plant and machinery finance and business equipment finance sectors grew 9% and 8% respectively compared to the same period last year.

Used car market powers growth in UK auto finance

New business volumes in the point of sale (POS) consumer new car finance market remained stable in October, while demand for used car finance continued to grow strongly. The value of new business grew by 5% in October compared to the same period in 2017, despite static vehicle sales, according to the Finance and Leasing Association. The percentage of private new car sales financed by FLA members through the POS was 91% in the 12 months to October; the amount financed over the same period was up 2%, while the number of cars financed was down 4%.

Used car market powers growth in UK auto finance

Dec 18, 2018

New business volumes in the point of sale (POS) consumer new car finance market remained stable in October, while demand for used car finance continued to grow strongly. The value of new business grew by 5% in October compared to the same period in 2017, despite static vehicle sales, according to the Finance and Leasing Association. The percentage of private new car sales financed by FLA members through the POS was 91% in the 12 months to October; the amount financed over the same period was up 2%, while the number of cars financed was down 4%.

Brokers overcome uncertain economy to guide UK asset finance market towards record levels

Asset finance new business (primarily leasing and hire purchase) grew by 9% in October, compared with the same month last year, pushing the market closer to an all-time record, according to new analysis. Latest figures from the Finance & Leasing Association (FLA) show that the plant and machinery finance and business equipment finance sectors had particularly strong new business growth, rising 16% and 29% respectively, compared with October 2017.

Brokers overcome uncertain economy to guide UK asset finance market towards record levels

Dec 18, 2018

Asset finance new business (primarily leasing and hire purchase) grew by 9% in October, compared with the same month last year, pushing the market closer to an all-time record, according to new analysis. Latest figures from the Finance & Leasing Association (FLA) show that the plant and machinery finance and business equipment finance sectors had particularly strong new business growth, rising 16% and 29% respectively, compared with October 2017.

UK invoice finance and asset-based lending grows despite economic uncertainty

The UK’s invoice finance and asset-based lending industry achieved modest growth, despite business uncertainty over the economy, new figures from UK Finance show. The association’s invoice finance and asset-based lending update shows that advances stood at £22.6 billion at the end of Q3 2018, a rise of 2.4% compared to the same period last year. Invoice finance accounted for 80% of lending by value, with most clients requiring factoring or invoice discounting.

UK invoice finance and asset-based lending grows despite economic uncertainty

Dec 14, 2018

The UK’s invoice finance and asset-based lending industry achieved modest growth, despite business uncertainty over the economy, new figures from UK Finance show. The association’s invoice finance and asset-based lending update shows that advances stood at £22.6 billion at the end of Q3 2018, a rise of 2.4% compared to the same period last year. Invoice finance accounted for 80% of lending by value, with most clients requiring factoring or invoice discounting.

Mixed results for Mexican auto finance companies as vehicle sales decline

Mexican new vehicle sales fell by 4% in November, according to the Asociación Mexicana de Distribuidores de Automotores (AMDA), leaving the market 6.7% down year-to-date. The organisation reported that 113,791 units were sold in the country last month, down 5.4% on the same period in 2017. AMDA’s deputy director general, Guillermo Rosales Zárate, said sales were 4% lower than industry expectations.

Mixed results for Mexican auto finance companies as vehicle sales decline

Dec 13, 2018

Mexican new vehicle sales fell by 4% in November, according to the Asociación Mexicana de Distribuidores de Automotores (AMDA), leaving the market 6.7% down year-to-date. The organisation reported that 113,791 units were sold in the country last month, down 5.4% on the same period in 2017. AMDA’s deputy director general, Guillermo Rosales Zárate, said sales were 4% lower than industry expectations.

Latin American new car market strengthens in third quarter

Latin American new car sales increased by 4.9% in the year to September, according to data from Jato Dynamics, which saw total units sold across nine key markets reach 4.28 million. This total makes the region the fourth largest vehicle market in the world, behind China, USA and the European Union, and ahead of Japan.

Latin American new car market strengthens in third quarter

Nov 30, 2018

Latin American new car sales increased by 4.9% in the year to September, according to data from Jato Dynamics, which saw total units sold across nine key markets reach 4.28 million. This total makes the region the fourth largest vehicle market in the world, behind China, USA and the European Union, and ahead of Japan.

Spanish leasing market delivers best Q3 performance in a decade

New business volume in the Spanish leasing market leapt 27% during Q3 2018 compared to the same period last year. Volumes reached €1.7 billion in the three months to the end of September, according to figures released by the Spanish Leasing and Rental Association (Asociación Española de Leasing y Renting - AER).

Spanish leasing market delivers best Q3 performance in a decade

Nov 29, 2018

New business volume in the Spanish leasing market leapt 27% during Q3 2018 compared to the same period last year. Volumes reached €1.7 billion in the three months to the end of September, according to figures released by the Spanish Leasing and Rental Association (Asociación Española de Leasing y Renting - AER).

Strong growth for UK used car finance as new car funding drops sharply

New business volumes in the point of sale (POS) consumer new car finance market fell by 16% in September, compared with the same month in 2017, latest figures from the Finance & Leasing Association have revealed. The volume of new business was 14% lower over the same period. By contrast, the value of used car finance rose by 9% year-on-year in September, while volumes were up 3%. During Q3 2018 overall, new car finance business fell 4% by value and 6% by volume, while used cars saw growth of 12% and 6% respectively.

Strong growth for UK used car finance as new car funding drops sharply

Nov 08, 2018

New business volumes in the point of sale (POS) consumer new car finance market fell by 16% in September, compared with the same month in 2017, latest figures from the Finance & Leasing Association have revealed. The volume of new business was 14% lower over the same period. By contrast, the value of used car finance rose by 9% year-on-year in September, while volumes were up 3%. During Q3 2018 overall, new car finance business fell 4% by value and 6% by volume, while used cars saw growth of 12% and 6% respectively.