Figures launched by the UK’s Finance & Leasing Association (FLA) demonstrate that the client car finance market documented new business volumes up in December 2021 by 2% as opposed with the exact same thirty day period in 2020.
Furthermore, in 2021 as a entire, new business volumes grew by 9% as opposed with 2020 to nearly 2.1 million cars financed, whilst that was however 14% reduce than in 2019.
The purchaser new car finance industry described new enterprise up 11% by price and 8% by volume in December as opposed with the exact same thirty day period in 2020. In 2021 all round, new business enterprise volumes in this market have been 6% bigger than in 2020, but remained 21% reduced than in 2019. The share of personal new car product sales financed by FLA associates in 2021 was 91.8%, in line with pre-pandemic concentrations.
The purchaser employed car finance