Black Horse managing director Richard Jones is expecting the automotive industry to see increased challenges in the second half of this year as the regulatory and economic climate becomes more uncertain.
He said the industry also needs to keep pace with how fast customers are adopting digital processes with finance.
He said: “We will be significantly upgrading our digital capability in the coming months, investing in front-end processes, developing self-serve options and bringing new products to the market that offer dealers and customers increased flexibility.
“I am confident therefore that despite these increased challenges, we will continue to grow in the second half of the year and into 2017.”
The company saw a 30% increase in its year-on-year net lending growth increase by 30% to over £10 billion in the first half of 2016.
Black Horse said the growth had been driven by ongoing market growth, its five-year partnership with Jaguar Land Rover to provide UK wholesale and retail funding and its performance in the used car finance market.
Jones said: “The first half of 2016 demonstrated a very strong financial performance, driven by new business growth and significant gains in market share, particularly in the used car space.
“As the industry continued to grow, we successfully met increased demand for new and used car, bike and leisure finance.”