The number of new cars bought on finance grew by 10% year-on-year in March, according to figures released by the Finance & Leasing Association (FLA).
The total number of cars bought on finance in the month was 167,852.
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The growth followed two months of new car finance volumes shrinking by 3% year-on-year in both January and February.
Due to the importance of March as a sales month, however, the number of cars sold on finance over the first quarter was still up 6% year-on-year.
The value of advances for the month grew 15% to £2,737m, which meant the total value of advances for the first quarter reached £4,200m.
There was similar growth in the used car sector. In total 105,978 used cars were bought on finance in March, up 11% year-on-year. The value of advances for the month reached £1,108m, up 16% year-on-year.
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By GlobalDataGeraldine Kilkelly, head of research and chief economist at the FLA, said: "Both consumer new and used car finance markets reported a strong end to the first quarter of 2015 and record levels of new business volumes in the twelve-month period to March."
