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New car finance up 15% in June

New car finance saw a 15% increase in June year-on year to 84,526 units, according to the latest figures from the Finance and Leasing Association (FLA).

The rolling new car finance figure in the 12 months to the half way point in June this year increased to a new high of 78.1% or 931,439 units.

Point-of-sale consumer used car finance volumes also continue to grow, increasing by 7% in June compared with the same period last year. The rolling figure for used finance for the 12 months to June increased by 9%.

Geraldine Killkelly, head of research and chief economist at the FLA, said: “As we forecast at the beginning of the year, point-of-sale consumer car finance volumes have continued to grow in 2015, but at a slower rate than in 2014.

“The first half of this year saw growth of 8% in new business volumes compared with 17% growth in the first half of 2014.”

Cars bought on finance by consumers through dealerships

flanewcarfinancejune2015

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