Geraldine Kilkelly
FLA chief economist Geraldine Kilkelly
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NEW figures released by the Finance and Leasing Association (FLA) show that the point of sale (POS) consumer car finance market fell by 1% in November, compared with the same month in 2017.

The percentage of private new car sales financed by FLA members through the POS was 91.2% in the twelve months to November.

The POS consumer used car finance market reported new business in November up 5% by value, while volumes remained at a similar level to the same month in 2017.

Geraldine Kilkelly, 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.”

Table 1: Cars bought on finance by consumers through dealerships
New businessNov 2018% change on prev. year3 months to Nov 2018% change on prev. year12 months to Nov 2018% change on prev. year
New cars
Value of advances (£m)1,41105,418-619,378+2
Number of cars67,936-2263,085-9961,990-3
Used cars
Value of advances (£m)1,350+54,400+917,463+13
Number of cars108,0120355,868+41,454,568+7
Total cars
Value of advances (£m)2,761+29,818036,841+7
Number of cars175,948-1618,953-22,416,558+3

 

Table 2: Cars bought on finance by businesses
New businessNov 2018% change on prev. year3 months to Nov 2018% change on prev. year12 months to Nov 2018% change on prev. year
New cars
Number of cars28,820-1389,801-23412,982-13
Used cars
Number of cars5,226

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