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Consumer car finance market falls by one per cent in November

Consumer car finance market falls by one per cent in November

NEW figures released today by the Finance & Leasing Association show that the point-of-sale consumer car finance market fell by one per cent in November compared with the same month in 2017.

The percentage of private new car sales financed by FLA members through the point of sale (POS) was 91.2 per cent in the 12 months to November.

The POS consumer used car finance market reported new business in November up five per cent by value, while volumes remained at a similar level to the same month in 2017.

Geraldine Kilkelly, pictured, head of research and chief economist at the FLA, said: ‘The POS consumer car finance market is on course for single-digit new business volumes growth in 2018 as a whole, despite the quieter performance of the market in November.’

MORE: Long-term car ownership on the decline as finance deals grow in popularity

MORE: Getting online motor finance right ‘will be crucial to profitability for many dealers in 2019’

 

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