AM Online

Consumer new and used car finance continues to increase

Point-of-sale (POS) consumer new car finance market grew 1% by value and 1% by volume in July, compared with the same month last year.

New figures released today by the Finance & Leasing Association (FLA) show the percentage of private new car sales financed by its members through point of sale reached 85.3% in the 12 months to July, up from 84.9% in the 12 months to June.

The POS consumer used car finance market also reported new business growth in July, of 2% by value and 1% by volume.

Geraldine Kilkelly, head of research and chief economist at the FLA, said: “The performance of the POS consumer new and used car finance markets remains in line with our expectations for 2016 as a whole.

“The FLA’s Q3 2016 retail motor finance confidence survey suggests that new business levels will remain broadly stable over the next twelve months.”

FLA POS finance July 2016

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.