Finance and Leasing Association (FLA)
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Market Insight 17 SepFLA urges extended Government loan scheme and EV tax breaks
The Finance and Leasing Association (FLA) is set to make submissions urging Government to extend its COVID-19 business lending and introduce tax incentives to boost the adoption of alternative fuel vehicles (AFV).
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Market Insight 7 SepCar finance market growth returned in July but recovery 'remains in doubt'
The new and used car finance markets returned to growth in July as showrooms across the UK re-opened their doors following the COVID-19 lockdown period, the Finance and Leasing Association (FLA) has confirmed.
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Finance 6 Aug
Used car finance led the market recovery in June, reports FLA
The Finance and Leasing Association (FLA) has said that the consumer used car finance sector’s 9% growth by value and 2% by volume drove a market “bounce back” in June.
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Opinion 2 Jul
Non-bank finance lenders left 'out in the cold' in COVID-19 crisis, opinion
Hardly a year goes by without the role of regulation in the economy being reconsidered. Even now, in the midst of a national crisis, the debate continues.
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Finance 19 JunFCA proposes three-month extension to COVID-prompted payment deferrals
The Financial Conduct Authority (FCA) has extended the availability of payment freezes and interest-free overdrafts for a further three months in a bid to help consumers mitigate against the impact of the COVID-19 coronavirus.
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Market Insight 9 Jun
Consumer car finance market slumped 94% in April lockdown, reports FLA
The Financial and Leasing Association (FLA) has revealed that the COVID-19 lockdown caused consumer car finance market to slumped by 94% by volume and value during April.
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Supplier News 5 JunIndustry bodies combine to provide COVID-19 unified safety guidance
Four of the UK remarketing sector's industry bodies have come together to deliver unified guidance on how to comply with safety guidance as the COVID-19 crisis eases and automotive retail businesses begin to re-open.
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Market Insight 7 May
FLA renews Government help appeal amid 1.2m COVID-19 forbearance requests
The Finance and Leasing Association’s (FLA) has renewed its appeal for help from Government and the Bank of England as coronavirus impact sparks 1.2 million finance forbearance claims.
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Market Insight 21 AprMotor finance firms' Q2 offers responded quickly to COVID-19
While new car sales have been impacted by UK showrooms closing, car manufacturers are still putting offers together for Q2 and customers can apply for credit.
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Finance 17 Apr
FCA publishes draft coronavirus guidance on motor finance repayments
The Financial Conduct Authority (FCA) has said that it expects motor finance providers to offer “exceptional and immediate support to customers facing payment difficulties” due to COVID-19 coronavirus.
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Finance 14 Apr
Consumer car finance declined 1% by volume in February, FLA reports
New business volumes in the consumer car finance market fell 1% by volume but grew 2% in value in February 2020, data published by the Finance & Leasing Association (FLA) has shown.
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Finance 14 Apr
FLA calls for urgent Government action to support non-bank lenders
The Finance and Leasing Association (FLA) wants Government and the Bank of England (BoE) to take urgent action to support the non-bank lending market durin the ongoing COVID-19 coronavirus lockdown.
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Finance 2 Apr
FCA proposes loan repayment freeze for coronavirus-hit consumers
The Financial Conduct Authority (FCA) has proposed a three-month temporary payment freeze on loan and credit card repayments to help consumers cope with the “unprecedented financial shock” triggered by the COVID-10 coronavirus lockdown.
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Finance 24 Mar
Car finance sector declined 2% in January 2020, FLA reports
The point of sale (POS) car finance market declined 2% by value and 5% by volume in January 2020, the Finance and Leasing Association (FLA) has revealed.
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Finance 20 Mar‘We need to keep motorists in their cars’ amid outbreak, says FLA
The Finance and Leasing Association’s (FLA) head of motor finance has said that every effort should be made to keep motorists “in their cars” as coronavirus inhibits some consumers’ ability to make repayments.
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Supplier News 26 FebFLA chairman urges consumer finance reform and clarity on EV funding
The Finance and Leasing Association’s chairman has urged the sector’s regulators and policymakers to work more closely with the industry and ensure motor and asset finance is able to help the UK reach its zero emissions goal.
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Finance 13 Feb
Car finance market grew 3% by value in 2019, FLA reports
The Finance and Leasing Association (FLA) has reported a 3% increase in the value of new business in the car finance during 2019.
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Finance 28 Jan
Used car finance poised for ‘record business’, says FLA
The Finance and Leasing Association (FLA) has said that the used car finance market looks poised to deliver “record levels of new business” in 2019 as it revealed its results for November.
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Market Insight 19 Dec
Consumer car finance market declines 4% in October, reports FLA
The Finance and Leasing Association (FLA) has suggested that consumer confidence “should improve” in the automotive retail sector as uncertainty about the UK's economic outlook reduces in 2020.
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Finance 6 Nov
Consumer car finance market grew 4% in September, reports FLA
The consumer car finance market achieved year-on-year growth of just 4% by volume and 7% by value during September – despite last year’s WLTP-impacted decline.
