FLA motor finance statistics

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

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.