Finance and Leasing Association (FLA)
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People News 9 AugLloyds’ motor finance boss Nick Williams joins FLA Board
Nick Williams, managing director of the transport business at Lloyds Banking Group, is to join the Board of The Finance & Leasing Association (FLA).
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Market Insight 5 AprFLA predicts 6% 2023 decline in car finance market
The Finance and Leasing Association has predicted a 6% decline in car finance during 2023 after new business volumes declined 5% in February.
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Finance 10 Mar
FLA forecasts 12% fall in value of used car finance sector in 2023
The Finance and Leasing Association has forecast a 6% decline in the value of the UK car finance sector in 2023 – with used car finance falling by 12%.
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Finance 20 Feb
Used car sector takes up motor finance sector’s slack in 2022
Used car finance volumes grew by 8% as automotive supply issues left new car volumes 7% down in 2022, new data from the Finance and Leasing Association (FLA) has revealed.
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People News 8 FebHelen Lumb joins FLA board
Helen Lumb, chief finance officer at Shire Leasing, has joined The Finance and Leasing Association (FLA) board.
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Market Insight 13 Jan
Vehicle supply shortages ‘continue to weigh’ on finance sector recovery
The motor finance sector is expected to record a 6% rise in value despite supply shortages which “continued to weigh on its recovery” during Q4, the Finance and Leasing Association (FLA) has said.
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Finance 14 Dec
Consumer car finance registered 2022’s fourth month of growth in October
Consumer car finance registered growth for only the fourth time in 2022 as the sector delivered a 4% uplift by volumes and 9% by value.
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Finance 9 DecConsumer Credit Act reform must be ‘comprehensive’, says FLA
The Finance and Leasing Association (FLA) has called for reform of the Consumer Credit Act to be “comprehensive” as consultation on the plans opened today (December 9).
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Market Insight 14 NovSeptember records lowest new car finance volumes since 2010
September recorded the UK’s lowest new car finance volumes since 2010 as supply issues continued to disrupt the automotive sector, the Finance & Leasing Association (FLA) has reported.
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Finance 10 Oct
Buoyant used car market boosted motor finance sector in August, FLA reveals
The Motor finance market reported growth in both the value and volume of new business for the first time since March during August trading, the Finance and Leasing Association (FLA) has reported.
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Finance 12 Sep
Double digit growth for used car finance as business turns to pre-owned vehicles
The used car sector delivered double-digit growth in the value of new business generated in July as supply issued continued to subdue new car registrations.
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Market Insight 4 Aug
New car finance market suffers ‘largest contraction’ since COVID-19 lockdown
The UK’s new car finance suffered its “largest contraction” in new business volumes since February 2021’s COVID-19 lockdown period during June, according to new data published by the Finance and Leasing Association (FLA).
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Market Insight 7 Jul
Rising new and used car values drive motor finance’s continued growth
High new and used car prices will continue to drive the motor finance sector's growth by value despite a cost-of-living crisis that will “subdue consumer spending in the coming months”, the FLA has said.
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Finance 21 Jun
Consumer spending on cars ‘expected to slow’, says FLA
The Finance and Leasing Association (FLA) still expects a Q2 rise in car buying activity, despite expectations that spending will slow amid rising inflation, interest rates, and taxes.
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Market Insight 16 May
Economic pressures mean ‘single-digit growth’ for car finance sector in 2022
The squeeze on household incomes and continued new car supply constraints mean that the UK’s car finance sector is likely to be restricted to ‘single-digit growth’ in 2022, the FLA has said.
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Market Insight 11 Apr
FLA ‘revises down’ car finance’s 2022 market growth prospects
The Finance and Leasing Association (FLA) has revised down its 2022 car finance market growth projections as the squeeze on household incomes and vehicle supply restrictions bite.
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Finance 11 MarUkraine conflict could push UK inflation to 8% in H1, warns FLA
The Finance and Leasing Association (FLA) has warned that inflation could peak at 8% in the first half of 2022 after the global economic outlook weakened following Russia’s invasion of Ukraine.
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Finance 14 Feb
Consumer car finance market grew 9% by volume in 2021, FLA reveals
The consumer car finance market grew 2% by volume and 13% by value in December to complete a 2021 “rebound” despite the headwinds of COVID-19 and vehicle supply shortages.
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Finance and insurance 4 FebFixed rate finance model makes franchised car retailers 'transparent and fair'
The future of franchised retailers’ motor finance FCA ruling on discretionary commissions has lead to greater transparency, but few dealers are reporting any noticeable variation to income as a result.
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Finance and insurance 4 FebIndependent car dealers' flexibility paid dividends after finance regulation changes
Independent used car dealerships and supermarkets have been best positioned to adapt to the Financial Conduct Authority (FCA) rule banning discretionary commission models that was brought into force last January.
