The Finance and Leasing Association has claimed that the point of sale new car finance market remains “on track”, despite an 8% decline in volumes during November.
The Finance and Leasing Association have revealed that new business volumes in the point of sale consumer new car finance market fell by 7% year-on-year in October.
Consumer new car finance volumes fell by 11% but continued to rise in value according to figures released by the Finance and Leasing Association (FLA).
Point of sale new car finance rose by 2% in value but fell by 8% by volume in August, according to the latest figures published by the Finance and Leasing Association.
Consumer new car finance volumes declined 7% year-on-year during July but rose 10% in the used sector during July, according to figures published by the Finance and Leasing Association.
Point of sale consumer new car finance business volumes fell by 8% in June, compared with the same month in 2016, according to new data published by Finance and Leasing Association.
The automotive finance industry must focus on generating positive messages as it endures a flurry of negative publicity and the growing attention of regulators, according to a panel of industry experts.
The FCA has set out its main areas of focus for its investigation into the motor finance industry in the UK.
Car buyers using PCP car finance deals are safe, say motor retailers, but questions remain over clarity and transparency.
Consumer car finance new business volumes are stable.
The Bank of England has told banks to set aside an extra £11.4 billion to protect the economy from a financial crash as car finance and credit card debt lending continues to “increases rapidly”.
Car dealers are being targeted by criminals making fraudulent car finance applications. Sgt Kate Jackson of the NVCIS explains how to spot them.
There has been a lot of adverse publicity around Personal Contract Purchase in recent months, much of which is technically incorrect and some of which is blatant journalistic sensationalism.
New business in the point of sale (POS) consumer new car finance market fell 19% by value and 28% by volume in April, compared with the same month in 2016.
Prepared car dealers can minimise risks to the finance market – whether from competitors, regulation or market pressures.
The new car sales boom depends on cheap, available finance, but storm clouds are visible on the horizon.
To dispel doubt about the stability of the motor finance market, finance houses and trade bodies need to be more transparent.
New business in the point of sale (POS) consumer new car finance market grew 13% by value and 5% by volume in March, compared with the same month in 2016.
An investigation into finance in the automotive sector has slammed used car dealers for a “£1.4 billion a year rip-off” after comparing the deals offered by 100 retailers across the UK.
FCA action to tackle perceived “conflicts of interest and irresponsible lending” in motor finance must be proportionate and not harm vehicle sales, according to NFDA director Sue Robinson.