Consumer new car finance volumes up 12%

Figures released by the Finance & Leasing Association (FLA) show that the point-of-sale (POS) consumer new car finance market grew 17% by value and 12% by volume in April, compared with the same month last year.

Figures released by the Finance & Leasing Association (FLA) show that the point-of-sale (POS) consumer new car finance market grew 17% by value and 12% by volume in April, compared with the same month last year.

The percentage of private new car sales financed by FLA members through the POS reached 83.6% in the twelve months to April, up from 82.7% in the twelve months to March.

The POS consumer used car finance market also reported further new business growth in April of 9% by value and 8% by volume.

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