The Bank of England has confirmed that it considering more stringent regulations which would usher in strict affordability checks in a bid to avoid a PCP-prompted financial crisis.
Consumer car finance volumes fell by 2% in February according to new figures released by the Finance and Leasing Association (FLA).
Brokers are set to see a boom in finance business during 2017 according to the results of a survey carried out by Cap HPI.
New business in the point of sale (POS) consumer car finance market grew 12% by value and 8% by volume in 2016.
According to the Finance and Leasing Association (FLA), in the twelve months to August 2016 2.2 million new and used cars were bought on finance by consumers through dealerships.
New business in the point of sale (POS) consumer new car finance market grew 13% by value and 7% by volume in November, compared with the same month in 2015.
The Finance & Leasing Association has won government approval to develop a motor finance specialist apprenticeship standard for the motor finance industry.
The point-of-sale consumer used car finance market grew 12% by value and 9% by volume in October, compared with the same month last year, according to The Finance and Leasing Association.
New business in the point-of-sale consumer new car finance market grew 9% by value and 5% by volume in August, compared with the same month last year.
Point-of-sale (POS) consumer new car finance market grew 1% by value and 1% by volume in July, compared with the same month last year.
Point-of-sale new car finance grew by 10% by value and 5% by volume in June, according to the latest figures from the Finance & Leasing Association (FLA).
Point of sale (POS) consumer used car finance on new business grew 22% by value and 18% by volume in May, compared to the same month in 2015.
Showroom finance sales for new cars rose by 12% in April, according to Finance & Leasing Association figures. By value, it was 17% ahead of April 2015.
The point-of-sale consumer new car finance market grew by 17% by value and 10% by volume in March, according to the Finance and Leasing Association (FLA).
Record new car registrations look set to continue as research shows demand for new cars is still growing.
Personal contract hire (PCH) has grown from 5% to 7% of the new car finance market, according to Finance and Leasing Association (FLA) data, obtained by AM.
Point of sale consumer new car finance business grew 27% by value and 22% by volume year-on-year in February. New business on new car financing exceeded the one million mark for the first time.
The point-of-sale consumer new car finance market grew 20% by value and 14% by volume in January, according to the Finance and Leasing Association.
Point-of-sale consumer new car finance volumes grew 10% last year.
Point of sale car finance sales benefiting from the ‘continuing strength of consumer confidence’, comments FLA after sharp market growth in November.