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.

 

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Table showing the cars bought on finance by consumers through dealerships

 

Table showing the cars bought on finance by businesses

 

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Box showing FLA motor finance statistics