Finance and Leasing Association (FLA)
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Finance 12 SepDouble 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.
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Market Insight 14 Jan
New consumer car finance volumes rose 33% in November
Newly published motor finance market data from the Finance and Leasing Association (FLA) have revealed that business volumes rose by a third in November.
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Market Insight 10 Dec
Car finance recovery 'hampered' by new car supply in October, reports FLA
Consumer car finance remained up 7% by volume in the year to the end of October despite an 11% decline in October, according to Finance and Leasing Association (FLA) data.
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People News 9 NovClose Brothers Retail CEO Rebecca McNeil to be new FLA chairperson
The Finance and Leasing Association (FLA) has announced the appointment of Rebecca McNeil as the new chair of the association, with effect from November 30.
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Finance 8 Nov
Consumer car finance volumes slumped by over a fifth in September
New consumer car finance volumes remained up on 2020 in the first nine months of this year despite slumping by over a fifth in September, the Finance and Leasing Association (FLA) has revealed.
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Latest News 22 OctFLA calls on Government to help businesses ‘finance decarbonisation’
The Finance and Leasing Association (FLA) has called for Chancellor of the Exchequer Rishi Sunak to announce a Green Finance Wholesale Guarantee and reform corporation tax to make green investments more affordable.
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Market Insight 11 OctVolume of used car finance dropped in August, FLA reveals
The volume of used car sales on point-of-sale motor finance was 7% lower than in Augut 2020, in a further sign of the lower levels of stock available to used car dealers.
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Finance 9 Sep
Car supply shortages deliver 20% decline in consumer car finance
The impact of car supply shortages has been blamed for a 20% decline in the volume of new business in consumer car finance in July.
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Market Insight 13 Aug
Car brands reduced finance deposit contributions by 18% in Q3, AM analysis finds
Car manufacturers have cut back on discounting in Q3 this year, with average deposit contributions falling by 18% to £1,704 quarter-on-quarter, according to the latest data from AM.
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Market Insight 3 Aug
UK's motor finance recovery set to slow after June's 12% volume growth
Car buyers boosted the consumer motor finance sector’s volumes by 12% in June – a year on from the 2020’s easing of the UK’s first coronavirus lockdown.
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Finance and insurance 13 JulHave dealers and funding providers cleared COVID-hit car buyers' finance hurdles?
Motor finance companies and car dealers have borne the brunt of the COVID-19 pandemic, but how well have they overcome the challenge of motorists' 1.8 million requests for finance forbearance.
