Verdict Staff

Analysis

  • 56% of new car sales used motor
    finance in the year to May 2011, the highest market share since
    March 2009.
  • Year-on-year change in finance
    sales volume has fluctuated in the first five months of the year,
    confirming industry expectations of a flat overall market, governed
    by consumer confidence and characterised with seasonal
    volatility.
  • Leasing and personal contract
    purchase agreements for new cars grew by 14% in the 12 months to
    May 2011, compared to the previous 12 months. Hire purchase
    agreements fell by 20% over the same period.
  • Business new and used car purchases on finance remain in
    the doldrums.

 

Table showing the cars bought on finance by consumers through dealerships

 

Table showing the cars bought on finance by businesses

 

Box showing FLA motor finance statistics