News that matters for fleet decision-makers
The Whole Life Cost Calculator - FleetPoint

Demand for motor finance remains strong, report FLA

By Kyle Linsay
Monday, August 12, 2013 - 14:00

Comments (0)
CarHeadight

BOOST: Things looking up, say FLA

New Finance and Leasing Association (FLA) figures show a strong half-year performance from the motor market, with consumer new car finance growing 31% by value.

Numbers also display the FLA members’ penetration of the private new car registrations market increasing to 73.6%.

Business new car finance also grew – by 3% – meaning an encouraging 2013 after a flat previous year.

Paul Harrison, Head of Motor Finance at the FLA, said: “These continuing healthy figures support a general picture of improving consumer confidence.

“With interest rates set to remain low, there appears to be a positive outlook for consumer demand.”

Julian Rose, Head of Asset Finance at the FLA, added: “New investment in business equipment is a good indicator of future business growth, so these figures augur well for SME sales growth and employment trends over the rest of 2013.”

Image courtesy of drs1ump, with thanks.

Related Stories

Comments

The comments are closed.