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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 business Nov 2018 % change on prev. year 3 months to Nov 2018 % change on prev. year 12 months to Nov 2018 % change on prev. year
New cars
Value of advances (£m) 1,411 0 5,418 -6 19,378 +2
Number of cars 67,936 -2 263,085 -9 961,990 -3
Used cars
Value of advances (£m) 1,350 +5 4,400 +9 17,463 +13
Number of cars 108,012 0 355,868 +4 1,454,568 +7
Total cars
Value of advances (£m) 2,761 +2 9,818 0 36,841 +7
Number of cars 175,948 -1 618,953 -2 2,416,558 +3

 

Table 2: Cars bought on finance by businesses
New business Nov 2018 % change on prev. year 3 months to Nov 2018 % change on prev. year 12 months to Nov 2018 % change on prev. year
New cars
Number of cars 28,820 -13 89,801 -23 412,982 -13
Used cars
Number of cars 5,226

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