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10.04.2021: New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported a fall in new business volumes of 27% in February 2021, compared with the same month in 2020. |
New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported a fall in new business volumes of 27% in February 2021, compared with the same month in 2020.
The consumer new car finance market reported a fall in new business volumes of 34% in February compared with the same month in 2020.
The percentage of private new car sales financed by FLA members in the twelve months to February 2021 was 92.8%.
The consumer used car finance market reported new business volumes 25% lower in February than in the same month in 2020.
Commenting on the figures, Geraldine Kilkelly, Director of Research and Chief Economist at the FLA, said:
“The UK lockdown restrictions over the winter months contributed to a fall in consumer car finance new…
