Finance & Leasing Association figures show that the dealer new car finance market saw new business growth of 6% by volume and 13% by value in October.
Tribute was paid to the “energy and resilience” of the car finance sector when Stephen Sklaroff addressed the FLA’s 12th annual Motor Finance Convention.
Consumer new car finance was up 10% by volume and 16% by value in September, compared with the same month last year, according to figures from the FLA.
The majority of delegates at the Finance & Leasing Association’s (FLA’s) latest conference (62%) said they felt well prepared for the new FCA regulatory regime.
The number of new cars bought by consumers on finance provided through dealerships increased by 13% in July, compared with the same month last year.
Car dealers are being warned to be sensitive to customer needs when selling PCP products in September, as complaints to the financial ombudsman have increased.
New car finance saw a 15% increase in June year-on year to 84,526 units, according to the latest figures from the Finance and Leasing Association (FLA).
The number of new cars bought on showroom finance grew 6% in May earlier, with average advances to consumers for new car purchases up 4% to £16,500.
Point-of-sale consumer new car finance was up 11% by volume and 17% by value in April, compared with the same month last year.
Figures from the Finance & Leasing Association (FLA) show consumer new car finance volumes rose 6% in Q1 2015.
The volume of point-of-sale motor finance sales grew by 5% in February to more than 133,000.
The Finance & Leasing Association says its redeveloped consumer website, due to be switched on by the end of this month, provides information “like having a friend in the motor trade”.
In May, 64,275 new cars were sold to retail buyers with dealer loans – a 27% year-on-year increase, says the Finance & Leasing Association.