Figures from the Finance & Leasing Association (FLA) show consumer new car finance volumes rose 6% in Q1 2015.
The FLA data also shows a 10% growth in point-of-sale consumer new car finance volumes in March, compared with the same month a year earlier.
The percentage of private new car sales financed through dealerships by FLA members reached a new high of 76.8% in the twelve months to March.
The point-of-sale consumer used car finance market also put in a good performance, with volumes up by 11% in March, and 8% in Q1 2015 as a whole.
Geraldine Kilkelly, the FLA's head of research and chief economist, said: “Both consumer new and used car finance markets reported a strong end to the first quarter of 2015 and record levels of new business volumes in the twelve-month period to March.”
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
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