The Finance & Leasing Association (FLA) has published its latest figures relating to consumer finance, consumer new car finance and asset finance. The figures report growth in August this year compared with the same month last year and show:
- 6% growth in consumer finance, reflecting steady improvement in consumer confidence.
- 8% growth by volume and 11% growth by value in point-of-sale consumer new car finance, which is expected to continue growing in the last quarter of this year.
- 5% growth in asset finance new business. This is the twenty-third consecutive month of growth as UK investment in machinery, equipment and software improves.