New data published by the Finance & Leasing Association (FLA) has indicated that the volumes of consumer car finance new business rose by 3% in October 2025 compared to October 2024.

Over the same period, the corresponding new business value increased by 8%.

During the period from January to October 2025, total new business volumes were 1% higher than in the equivalent ten months of 2024.

Within the consumer new car finance sector, October 2025 results showed a stronger performance, with the value of new business up by 12% and volumes up by 14% compared with October 2024.

For the first ten months of 2025, new car finance volumes increased by 7%.

In contrast, the consumer used car finance sector recorded a more mixed outcome. 

The value of new business in October 2025 rose by 5% from the previous year; however, volumes declined by 1%.

Across January to October, used car finance volumes were down by 2% against the same period in 2024.

FLA research director and chief economist Geraldine Kilkelly said: “October saw the consumer new car finance market report its strongest growth performance since March this year, while the consumer used car finance market continued to report steady single-digit growth in average advances.

“FLA consumer car finance providers are on track to report a record level of new business by value in 2025 of more than £41bn. The corresponding number of consumers supported in financing car purchases in 2025 is expected to be almost 2.1 million.

“As always, customers who are worried about meeting payments should speak to their lender as soon as possible to find a solution.”

A previous FLA report showed that new business volumes in consumer car finance increased by 5% in September 2025 compared to September 2024.