There were 47,271 new cars sold on finance in August, up 8% on the amount sold in August 2014, according to figures released by the Finance & Leasing Association (FLA).
The value of the advances sold reached £738m, up 11% year-on-year.
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There was a similar story for used car finance in August, with the number of cars sold on finance growing 7% year-on-year to 90,909 and the value of advances growing 12% over the same period to £954m.
Geraldine Kilkelly, head of research and chief economist at the FLA, said: "Both consumer new and used car finance markets reported relatively robust growth in August, ahead of the introduction of the new 65 registration plate in September. We expect this growth to continue in the final quarter of 2015."
For the 12 months to August, 943,175 new cars and 1,104,265 used cars were sold on finance, up 10% and 8% year-on-year, respectively.
The value of the finance sold over this period was up 14% compared to the value of the finance sold for the twelve months to August 2014 in both new and used finance.
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