UK consumer car finance market falls by 2% in August

Volumes for new and used car sales fell during August, compared with the same month in 2018, in the point of sale (POS) consumer new car finance market, the UK’s Finance & Leasing Association reports. While the number of new cars financed fell 2%, the total value of finance grew 2%, in part because consumers are opting for larger, more expensive vehicles, such as SUVs. The percentage of private new car sales financed by FLA members through the POS remained at 91.2% in the 12 months to August 2019.

UK consumer car finance market falls by 2% in August

Oct 21, 2019

Volumes for new and used car sales fell during August, compared with the same month in 2018, in the point of sale (POS) consumer new car finance market, the UK’s Finance & Leasing Association reports. While the number of new cars financed fell 2%, the total value of finance grew 2%, in part because consumers are opting for larger, more expensive vehicles, such as SUVs. The percentage of private new car sales financed by FLA members through the POS remained at 91.2% in the 12 months to August 2019.

Commercial vehicle finance underpins UK asset finance market growth

Commercial vehicle finance was one of the only growth markets during August for UK asset finance new business (primarily leasing and hire purchase), according to new figures from the Finance & Leasing Association. Finance for commercial vehicles was up 11% year-on-year in August and it has risen 14% over the past 12 months.

Commercial vehicle finance underpins UK asset finance market growth

Oct 21, 2019

Commercial vehicle finance was one of the only growth markets during August for UK asset finance new business (primarily leasing and hire purchase), according to new figures from the Finance & Leasing Association. Finance for commercial vehicles was up 11% year-on-year in August and it has risen 14% over the past 12 months.

Strong performance for Colombian new vehicle market as clean vehicle demand rises

New vehicle sales in Colombia experienced their strongest month of the year in August, according the trade body Asociacion Nacional de Movilidad Sostenible (ADEMOS). Registrations were up 8.7% year-on-year to 23,305, and August also marked the fourth month of successive growth.

Strong performance for Colombian new vehicle market as clean vehicle demand rises

Sep 30, 2019

New vehicle sales in Colombia experienced their strongest month of the year in August, according the trade body Asociacion Nacional de Movilidad Sostenible (ADEMOS). Registrations were up 8.7% year-on-year to 23,305, and August also marked the fourth month of successive growth.

ACEA reveals global slowdown in car sales during first half of 2019

The European Automobile Manufacturers' Association (ACEA) has published its Economic and Market Report covering the first half of 2019 with the latest figures on the registration, production and trade of passenger cars and commercial vehicles, both in Europe and around the world.

ACEA reveals global slowdown in car sales during first half of 2019

Sep 23, 2019

The European Automobile Manufacturers' Association (ACEA) has published its Economic and Market Report covering the first half of 2019 with the latest figures on the registration, production and trade of passenger cars and commercial vehicles, both in Europe and around the world.

Asset finance market grows by 8% in July

Asset finance new business (primarily leasing and hire purchase) overall grew in July by 8% compared with the same month last year, according to the UK Finance & Leasing Association. New business for deals of up to £20 million increased by 7% over the same period.

Asset finance market grows by 8% in July

Sep 12, 2019

Asset finance new business (primarily leasing and hire purchase) overall grew in July by 8% compared with the same month last year, according to the UK Finance & Leasing Association. New business for deals of up to £20 million increased by 7% over the same period.

Strong performance for UK consumer car finance market in July

A strong month for point of sale (POS) consumer car finance new business in the UK has reduced its rate of decline over the past year, according to the Finance & Leasing Association (FLA). The POS consumer new car finance market reported new business in July up 1% by volume and 4% by value, compared with the same month in 2018. The percentage of private new car sales financed by FLA members through the POS was 91.2% in the 12 months to July.

Strong performance for UK consumer car finance market in July

Sep 12, 2019

A strong month for point of sale (POS) consumer car finance new business in the UK has reduced its rate of decline over the past year, according to the Finance & Leasing Association (FLA). The POS consumer new car finance market reported new business in July up 1% by volume and 4% by value, compared with the same month in 2018. The percentage of private new car sales financed by FLA members through the POS was 91.2% in the 12 months to July.

Asset finance share of UK equipment investment highest for a decade in May

Asset finance new business (primarily leasing and hire purchase) in the UK for deals of up to £20 million grew by 6% in May, compared to the same month last year, according to new data from the Finance and Leasing Association. When deals over £20 million are included, the market fell by 1%. New finance for plant and machinery and commercial vehicles both grew by 8% year-on-year during the month, while the business equipment finance sector reported new business up by 3% over the same period. The car finance market was static, while the IT finance sector fell by 9% year-on-year.

Asset finance share of UK equipment investment highest for a decade in May

Jul 05, 2019

Asset finance new business (primarily leasing and hire purchase) in the UK for deals of up to £20 million grew by 6% in May, compared to the same month last year, according to new data from the Finance and Leasing Association. When deals over £20 million are included, the market fell by 1%. New finance for plant and machinery and commercial vehicles both grew by 8% year-on-year during the month, while the business equipment finance sector reported new business up by 3% over the same period. The car finance market was static, while the IT finance sector fell by 9% year-on-year.

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.

UK asset finance market grows by 7% in April

Asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2018, according to figures released by the Finance & Leasing Association (FLA). New business in the plant and machinery finance and business equipment finance sectors was up by 8% and 9% respectively, while commercial vehicle finance new business increased by 23% over the same period.

UK asset finance market grows by 7% in April

Jun 07, 2019

Asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2018, according to figures released by the Finance & Leasing Association (FLA). New business in the plant and machinery finance and business equipment finance sectors was up by 8% and 9% respectively, while commercial vehicle finance new business increased by 23% over the same period.

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.