The Finance & Leasing Association (FLA) has published its March data in respect of consumer new car financeconsumer finance and asset finance.

The figures show that:

  • Asset finance new business grew by 27% in March 2015, compared with March 2014, with 19% growth in Q1 2015 overall.  First quarter results show IT equipment finance up by 53% compared with Q1 2014.
  • Consumer new car finance volumes are up 10% compared with March 2014 and 6% growth in Q1 2015 overall.
  • Growth of 10% in consumer finance new business and 5% overall growth in Q1 2015.
  • Retail store and online credit grew by 5% in March, with personal loans and credit card new business growing by 4% over the same period.