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Consumer new car finance volumes up 8% in August

Point-of-sale consumer new car finance volumes increased by 8% in August and 11% by value, according to new figures released today by the Finance & Leasing Association (FLA).

The percentage of private new car sales financed by FLA members through dealerships in the twelve months to August reached 78.9%, up from 78.7% in the twelve months to July.

Point-of-sale consumer used car finance also saw continued strong growth in August, up 7% by volume and 12% by value.

Geraldine Kilkelly, head of research and chief economist at the FLA, said: “Both consumer new and used car finance markets reported relatively robust growth in August, ahead of the introduction of the new 65 registration plate in September. We expect this growth to continue in the final quarter of 2015.”

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