Car finance provided to private consumers by
members of the Finance & Leasing Association (FLA) was up 22%
in March, and 20% in Q1, year-on-year.
Motor finance provided by FLA members totalled
£2.21bn in March,
typically the busiest month of the year as people look to purchase
cars with the new registration plate, and £4.21bn in Q1.
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A total of £14.37bn of finance was provided in
the 12 months to March, up 8% on the previous 12 months.
The figures for total consumer finance
provided by FLA members was also up in March, by 9%, and also in Q1
year-on-year, by 7% – and was up in all sectors apart from store
cards.
richard.brown@vrlfinancialnews.com
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