The Finance & Leasing Association (FLA) has published the May 2015 figures showing trends in consumer new car financeconsumer and asset finance. The key figures are set out below.

Consumer asset finance showed continued growth overall with:

  • 9% rise in point-of-sale consumer car finance.
  • 23% rise in the value of second charge mortgage new business.
  • 3% fall in retail store and online credit.

Asset finance recorded its strongest start to a year since the financial crisis with 16% growth in new business in the last five months comprising:

  • 6% rise in asset finance new business (primarily leasing and hire purchase).
  • 39% rise in IT equipment finance.
  • 21% rise in car finance.

Consumer new car finance was also in line with expectations and included a 3% rise which set a record high.