The Finance & Leasing Association (FLA) has published its latest figures for the asset finance,consumer finance and motor finance industries.

The statistics show:

  • Growth of 11% in consumer finance new business in March, compared with the same month last year, and growth of 14% in Q1 2016 overall.  Within consumer finance, credit card and personal loan new business grew by 9% compared with March 2015, while the second charge mortgage market saw new business grow 16% by value but fall 1% by volume over the same period.
  • Growth of 17% by value and 10% by volume in point-of-sale consumer new car finance new business in March, compared with the same month last year.  In Q1 overall, new business was up 19% by value and 13% by volume.  The point-of-sale consumer used car finance market also reported growth in March of 8% by value and 6% by volume.
  • Growth of 10% in asset finance new business (primarily leasing and hire purchase) in March, compared with the same month last year, and by 8% in Q1 2016, compared with the same period in 2015.  IT equipment finance and commercial vehicle finance grew in March by 29% and 5% respectively, but plant and machinery finance fell by 2% over the same period.